Hyperliquid reached 1.5 trillion USD in perp trading, earning 300 million USD.

According to data aggregated by Sealaunch on Dune Analytics, the decentralized exchange Hyperliquid has recorded a perpetual contract trading volume exceeding 1.571 trillion USD over the past year. In May alone, this platform achieved a volume of 248 billion USD, with 208 billion USD specifically for this month – significantly higher than the 140 billion USD combined of all other on-chain perp exchanges.

Thanks to the huge trading volume, Hyperliquid has generated 56 million USD in revenue and transaction fees this month, bringing the total accumulated revenue to 310 million USD.

Hyperliquid began to record explosive growth at the end of 2024, as the trading volume doubled from 75 billion USD in November to 150 billion USD in December, coinciding with an airdrop worth 1.2 billion USD in HYPE tokens.

"Hyperliquid offers transaction finality in under one second and processes over 100,000 orders per second, operating a fully on-chain order book with superior speed and transparency," according to Min Jung, an analyst at Presto Research.

Not stopping at perp trading, earlier this year Hyperliquid expanded its ecosystem by launching HyperEVM – an Ethereum-compatible network that allows developers to deploy smart contracts and decentralized applications (dApp). HyperEVM is built on HyperCore, the underlying software that supports Hyperliquid's Layer 1 blockchain.

"Combining a community-oriented token buyback program, a robust HyperEVM ecosystem, and clear on-chain audit capabilities, Hyperliquid is demonstrating its competitiveness against top centralized exchanges while maintaining maximum transparency," Min noted.

Thạch Sanh