TLDR
- Hyperliquid gained 609K new users and $3.8B in net deposits in 2025.
- The platform’s trading volume reached $2.9T, including $199B in executed trades.
- Hyperliquid ended 2025 with $4.1B in TVL and $844M in revenue.
- Demand for decentralized derivatives drove significant growth for Hyperliquid in 2025.
Get live prices, charts, and KO Scores from KnockoutStocks.com, the data-driven platform ranking every stock by quality and breakout potential.
Hyperliquid’s explosive growth in 2025 has made it one of the most active decentralized trading platforms. With over 609,000 new users and a staggering $2.9 trillion in trading volume, the platform has solidified its position in the DeFi space. The surge in trading activity and net deposits, alongside $844 million in revenue, highlights Hyperliquid’s successful strategy and increasing adoption among both retail and institutional traders.
Hyperliquid Experiences Significant Growth in 2025
Hyperliquid experienced accelerated growth in 2025, becoming a major player in decentralized trading. According to ASXN Data, the platform added over 609,000 new users and reached a trading volume of $2.9 trillion. The substantial rise in trading activity reflects the growing demand for decentralized finance (DeFi) products, particularly in the derivatives market.
According to ASXN Data, Hyperliquid added about 609,700 new users in 2025, reaching roughly $2.95 trillion in cumulative trading volume across 198.9 billion trades. The platform generated around $844 million in revenue, saw $3.87 billion in net inflows, and currently has a TVL of… pic.twitter.com/YmPTGsM00A
— Wu Blockchain (@WuBlockchain) December 26, 2025
The rapid expansion was driven by a combination of factors, including increased retail and institutional participation. Hyperliquid’s focus on delivering a seamless trading experience helped the platform attract both seasoned and new users. By the end of 2025, the platform reported a total value locked (TVL) of $4.1 billion, marking another key achievement in its growth trajectory.
Strong Trading Activity and Impressive Revenue Generation
The platform’s total trading volume hit $2.9 trillion in 2025, with nearly $199 billion in executed trades. This increase in trading activity highlights the increasing trust and adoption of decentralized exchanges. The year’s trading volume was a direct result of Hyperliquid’s efforts to enhance its infrastructure, offering faster transactions and lower fees compared to many other decentralized platforms.
In terms of financial performance, Hyperliquid generated approximately $844 million in revenue. This impressive revenue figure places it among the most profitable exchanges in the DeFi space, showcasing its ability to capture market share and maintain operational efficiency. The growth in both user base and revenue solidifies Hyperliquid’s position as one of the leading decentralized trading platforms.
User Growth and Net Deposits
The onboarding of over 609,000 users throughout 2025 highlights the platform’s increasing popularity. Alongside the influx of new users, Hyperliquid also saw a substantial rise in net deposits, totaling $3.8 billion. This surge reflects the growing demand for decentralized financial services and products, particularly derivatives, which are an essential part of the platform’s offerings.
Hyperliquid’s user acquisition strategy focused on accessibility, ease of use, and security. By providing an intuitive interface and robust features, the platform succeeded in attracting a diverse range of traders. Both retail investors and institutional players found value in Hyperliquid’s offerings, further contributing to its rapid growth.
