Derived from PANews, Hyperliquid's 2025 annual data shows a total trading volume of $2.95 trillion, with a daily average of $8.34 billion. The platform recorded 198.9 billion trades and added approximately 609,700 new users. Total platform revenue for the year reached $843 million, with total fees amounting to $908 million. Perpetual contract revenue reached $808 million, while spot revenue was approximately $35.25 million. The platform saw a net inflow of $3.87 billion, with $1.168 trillion in spot trading volume and $110.1 billion in HIP-3 trading volume.
Hyperliquid 2025 Annual Revenue Hits $843M, Adds Over 600K New Users
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Hyperliquid’s 2025 trading volume hit $2.95 trillion, averaging $8.34 billion daily. Transaction volume totaled 198.9 billion trades, with 609,700 new users joining. Platform revenue reached $843 million, driven by $908 million in fees. Perpetual contracts generated $808 million, while spot trading volume hit $1.168 trillion. Transaction volume under HIP-3 reached $110.1 billion, and the platform saw a net inflow of $3.87 billion.
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