Hyperliquid Surpasses $1.5 Trillion in Annual Trading Volume

• Hyperliquid achieved $1.571 trillion in perpetual futures trading volume over 12 months and generated $310 million in total revenue.

• The platform processes over 100,000 orders per second with sub-second finality through its fully on-chain order book system.

• HYPE token gained 946.8% from its November 2024 low while the platform expanded beyond trading with the HyperEVM launch.

Over the past twelve months, decentralized exchange Hyperliquid has recorded $1.571 trillion in perpetual futures trading volume. The platform continues to dominate the on-chain derivatives trading sector with substantial monthly revenue figures.

The exchange generated $56 million in revenue during the current month. This performance contributes to Hyperliquid’s total cumulative revenue of $310 million since launch. Data from Sealaunch on Dune Analytics indicates the platform processed $248 billion in perpetual futures volume throughout May.

Current trading activity demonstrates Hyperliquid’s market leadership position. This month, the platform achieved $208 billion in volume, significantly outpacing competitors. Combined volume from other on-chain perpetual exchanges totaled $140 billion during the same timeframe.

Platform Expansion Drives Volume Growth

Hyperliquid experienced rapid growth in late 2024. Trading volume doubled from $75 billion in November to $150 billion in December. This surge coincided with the platform’s distribution of $1.2 billion worth of HYPE tokens through an airdrop mechanism.

The exchange launched HyperEVM earlier this year to expand beyond perpetual futures trading. This Ethereum-compatible network enables developers to deploy smart contracts and decentralized applications directly on the platform. HyperEVM integrates with HyperCore, the foundational software supporting Hyperliquid’s Layer 1 blockchain infrastructure.

Technical Infrastructure Sets Performance Standards

Hyperliquid’s technical capabilities distinguish it from traditional exchanges. The platform delivers sub-second finality while processing over 100,000 orders per second through its fully on-chain order book system.

“Hyperliquid offers sub-second finality and handles over 100,000 orders per second, powering a fully on-chain order book that delivers unmatched speed and transparency,” stated Min Jung, research analyst at Presto Research.

The platform’s fee structure generates consistent revenue streams from maker and taker transactions. Trading fees constitute the majority of the $310 million cumulative revenue total.

Market performance metrics show sustained strength across multiple timeframes. Activity increased 27.9% over the past 30 days. The HYPE token currently trades 12.5% below its all-time high of $45.57 on June 16, 2025.

The native HYPE token has demonstrated significant volatility since its November 2024 launch. From an all-time low of $3.20, the token has gained 946.8% to current price levels. This performance reflects growing institutional and retail interest in the platform’s ecosystem expansion strategy.