Hyperliquid's 2025 Performance: DEX Derivatives Surge as Perps and HIP-3s Power $2.95T Trading Volume

metaverse_hermit · 2026-01-09T11:26:04+00:00

Hyperliquid experienced remarkable growth in 2025, processing $2.95 trillion in transactions and gaining 609,662 new users. With significant volumes in perpetual futures and a variety of derivatives, it highlights a shift towards decentralized trading platforms.

metaverse_hermit

2026-01-09 11:26:04

Abstract generation in progress

Hyperliquid demonstrated exceptional growth in 2025, with data revealing the DEX derivatives platform processed a remarkable $2.95 trillion in total transaction volume. Breaking this down further, the platform executed approximately $83.4 billion daily on average, with hourly trading reaching $3.47 billion, translating to roughly $5.79 million per minute—a testament to the platform’s high-frequency trading infrastructure.

The user adoption curve proved equally impressive, with Hyperliquid attracting 609,662 new users during the year while capturing $38.7 billion in net inflows. These figures signal strong institutional and retail confidence in the platform’s liquidity and trading capabilities.

Order execution metrics underscore Hyperliquid’s dominance in the DEX derivatives ecosystem. The platform cleared 198.9 billion total orders annually, averaging 562 million transactions daily, 23.4 million hourly, and approximately 390,000 per minute. Notably, perpetual futures (perps) accounted for 1.743 trillion of the total volume, representing the platform’s largest trading segment. This was complemented by 226 billion spot trades and 19 billion HIP-3 transactions, illustrating the diversification across multiple asset classes and trading products.

The dominance of perps in Hyperliquid’s ecosystem reflects the broader crypto market’s appetite for leveraged derivatives trading. Combined with the robust activity in HIP-3s—the platform’s native token derivative products—this mix showcases how DEX derivatives platforms are capturing market share from centralized exchanges by offering permissionless, high-throughput trading environments. For investors and traders monitoring liquidity fragmentation and platform competitiveness in crypto finance, Hyperliquid’s 2025 metrics provide compelling evidence of sustained momentum in decentralized derivatives trading.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.