Hyperliquid 2025 Summary: 24-Hour Trading Volume Reaches $32 Billion, Total Value Locked Hits $6 Billion

Odaily News Hyperliquid released its 2025 year-end summary, stating that Hyperliquid has provided all protocol fees to the community without receiving external funding. Major product and technology launches over the past year include: the launch of HyperEVM, Unit bridging spot assets, a fully permissionless validator set, native staking features that offer fee discounts for traders and permissionless HyperCore deployment capabilities for developers, permissionless spot quote assets, Hypurr NFTs, the initiation and launch of USDH governance voting on Native Markets, HIP-3 permissionless perpetual contract deployment, native USDC integration, the launch of the portfolio margin pre-alpha version, and the official burning of the aid fund HYPE.

Compared to 2024, protocol data reached new all-time highs: 24-hour trading volume reached $32 billion (previously $15 billion); open interest reached $16 billion (previously $4 billion); Total Value Locked (TVL) reached $6 billion (previously $2 billion); 24-hour protocol revenue reached $20 million (previously $3.5 million); the number of users reached 1.4 million (previously 300,000).