Hyperliquid 2025 Annual Data Analysis: $2.95 trillion in trading volume, nearly $4 billion in net inflow

GasWrangler · 2025-12-26T14:00:11+00:00

Hyperliquid Exchange announced its 2025 performance, with total transaction volume reaching $2.95 trillion and an average daily trading volume of $83.4 billion. Annual revenue is approximately $843 million, mainly from perpetual contracts. Net inflow of funds is $3.87 billion, with 609,662 new users, and the platform continues to expand. Overall performance remains strong.

GasWrangler

2025-12-26 14:00:11

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【Crypto World】Hyperliquid Exchange recently announced its 2025 performance data, and the results are quite impressive.

This year, how large was the platform’s trading volume? The total trading volume reached $2.95 trillion. Converted, the daily average trading volume is about $83.4 billion, placing it among the top in the market. The frequency of order executions was also high—198.9 billion orders processed throughout the year.

Looking at the revenue side, the platform’s annual revenue was approximately $843 million. How was this achieved? Perpetual contracts contributed the majority, totaling $808 million, accounting for over 95%. Although spot trading volume was smaller, it still contributed $35.25 million. Interestingly, the platform’s total annual fees were about $908 million, indicating that Hyperliquid is still in the expansion and investment phase.

In terms of capital flow, net inflows reached $3.87 billion, reflecting ongoing market confidence in the platform. Spot trading volume was $116.8 billion, and HIP-3 token trading volume was $11.01 billion.

Ticker auction activities were also very active. The most popular auctioned token was GOD, with a maximum bid of approximately $975,000. The entire auction process burned about 5.276 million USDC tokens.

Regarding user growth, 2025 saw an increase of 609,662 new users, continuously expanding the platform’s user base. Overall, Hyperliquid delivered a highly competitive performance over the past year.

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OnchainGossiper

· 4h ago

Wow, this data is really impressive, with nearly 4 billion in net inflow, indicating that everyone still trusts Hyperliquid. But the fees are higher than the revenue? It feels like they are burning money to grow the market. Perpetual contracts account for 95%, spot trading is just along for the ride haha. A trading volume of 2.95 trillion sounds intimidating, but the daily average is only 83 billion, so it's okay. A paradise for contract traders, why am I still losing money... If this growth rate can be maintained until next year, it will be amazing.

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ApeWithNoFear

· 4h ago

Wow, is this data real? 2.95 trillion? It feels like Hyperliquid is about to take off.

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MidnightMEVeater

· 4h ago

Good morning, the robot paradise at 3:30 is once again crazy about sandwiches. A trading volume of 2.95 trillion sounds impressive, but how many price shocks are hidden behind 198.9 billion orders? The fact that 95% of revenue comes from perpetual contracts explains everything — this is a leverage slaughterhouse, with liquidity traps filling the entire dark pool. A net inflow of 3.87 billion? Those are just footprints of the bagholders.

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MerkleTreeHugger

· 4h ago

Damn, 2.95 trillion? Is this number real? Feels exaggerated. 95% of revenue from perpetual contracts, spot trading is just a side show. Expenses exceed income, how long can this money-burning model last? Net inflow of 3.87 billion sounds impressive, but what about actual user activity? This kind of growth looks rapid, but can it be sustained in the long run... Average daily volume of 8.3 billion, just thinking about it in RMB makes me dizzy. 99% of people in perpetual contracts are losing money, this data is meaningless. Is Hyperliquid really that strong? Feels like the market hype is a bit over the top. 1.989 billion orders, most of them are probably bots, honestly. Losing money is actually burning more cash, are they going to raise funds later? Expenses exceed income, this isn't sustainable, brother.

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MemeTokenGenius

· 4h ago

Wow, 3.87 billion in net inflow? That's really grabbing market share, but the fact that expenses are higher than income is a bit intense.

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LiquidationHunter

· 4h ago

2.95 trillion in transaction volume. The number looks impressive, but the fees are 908 million... the money-burning mode still has to continue.

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AirdropHunterZhang

· 4h ago

2.95 trillion in transaction volume, still a money-burning model? Revenue of 800 million compared to expenses of 900 million, this zeroing speed is truly a skill.

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