Based on HashNews, 2025 annual data shows that Hyperliquid recorded a total trading volume of $2.95 trillion, with a daily average of approximately $8.34 billion. The platform processed 198.9 billion total trades and added around 609,700 new users. Total platform revenue for the year was approximately $843 million, while total fees amounted to about $908 million. Perpetual contracts contributed $808 million in revenue, and spot trading generated approximately $35.25 million. The platform saw a net inflow of $3.87 billion, with total spot trading volume at $116.8 billion and HIP-3 trading volume reaching $110.1 billion.
Hyperliquid Reports $843M Revenue in 2025, Adds Nearly 600,000 New Users
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Summary
Hyperliquid’s 2025 on-chain data reveals a total trading volume of $2.95 trillion, averaging $8.34 billion daily. The platform executed 198.9 billion trades and gained 609,700 new users. Trading volume generated $908 million in fees, with $843 million in revenue. Perpetual contracts brought in $808 million, while spot trading added $35.25 million. The platform saw a $3.87 billion net inflow, with HIP-3 trading volume hitting $110.1 billion.
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