Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Hyperliquid Reports 2024 Milestones, Achieves $2.1B TVL

Hyperliquid Reports 2024 Milestones, Achieves $2.1B TVL

CryptoNewsCryptoNews2025/01/07 23:55
By:Hongji Feng

Hyperliquid achieved record-breaking growth in 2024, including $15B daily trading volume, $2.1B TVL, and 300K users.

Last updated:
January 7, 2025 13:17 EST

Hyperliquid highlighted key milestones in 2024, including reaching $15 billion in daily trading volume and expanding its user base ninefold to 300,000 users.

According to a post by Hyper Foundation , the decentralized exchange attributed its rapid growth and ecosystem expansion to updates such as the HyperBFT consensus, HIP token standards, and staking features.

Hyperliquid’s Exponential Growth in 2024

Hyperliquid experienced growth in 2024, with its 24-hour all-time high (ATH) trading volume climbing from $1 billion to $15 billion.

This major increase in trading activity was accompanied by growth in other metrics, highlighting Hyperliquid’s expanding market presence.

Hyperliquid started 2024 as a barely-known perp dex and ended the year as one of the largest decentralized financial hubs, processing billions in volume per day with a thriving ecosystem of builders, traders, and community members.

Thank you to everyone who came together for a… pic.twitter.com/GgmlsiW4mg

— Hyperliquid (@HyperliquidX) January 7, 2025

Open interest rose from $178 million to $4.3 billion, while total value locked (TVL) climbed from $56 million to $2.1 billion.

Additionally, the exchange’s user base expanded from 31,000 to 300,000, marking a ninefold rise.

Hyperliquid also supported 158 perpetual trading pairs and 128 native spot assets, generating over $3.5 million in daily revenue from trading fees and spot auctions.

These achievements were underpinned by the introduction of staking mechanisms and native token standards, including HIP-1 and HIP-2, which streamlined token usage across its platform.

Ecosystem Expansion Through New Features in 2024

Throughout 2024, Hyperliquid launched new features and integrations that strengthened its ecosystem.

Third-party platforms, including Synapse, deBridge, and DEX Screener, bolstered interoperability and trading tools within Hyperliquid’s ecosystem.

Projects launched on Hyperliquid during the year included applications like HypurrScan, which allows users to analyze blockchain data, and HypurrFun, a platform for trading and creating meme coins .

Community-driven initiatives, such as Hyperliquid KR and HyperActive, further contributed to regional expansion and outreach efforts.

“All of this was achieved without taking any external funding and giving all trading fees to the community,” Hyper Foundation stated in its post. “Thank you to everyone who came together for a record-breaking 2024.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

US Dollar Index Down 9% in 2025 Boosts Bitcoin Outlook

The US Dollar Index is down over 9% in 2025, marking its worst yearly start ever. Bitcoin bulls see this as a major buying signal.DXY Plunge Sparks Market ReactionsWhy This Is Bullish for BitcoinA Shift in Global Market Sentiment

Coinomedia2025/06/22 11:48
US Dollar Index Down 9% in 2025 Boosts Bitcoin Outlook

Staked ETH Hits All-Time High with 35M Locked

Over 35 million ETH is now staked, accounting for 28.3% of the total supply—a new all-time high for Ethereum.Ethereum Staking Reaches Record LevelsWhat This Means for EthereumA Bullish Sign for Long-Term Holders

Coinomedia2025/06/22 11:48

Trump Claims Strike on Iran’s Nuclear Sites a Success

Trump announces successful attack on three Iranian nuclear sites, escalating tensions and raising global security concerns.Trump Confirms Targeted Attack on IranIran Responds to the EscalationGlobal Reaction and Market Impact

Coinomedia2025/06/22 11:48

Major Crypto Liquidation Spree: 172K Traders Suffer $682M Loss

172K crypto traders liquidated in 24h, over $682M lost—$596M from longs. What drove the carnage and what comes next?Longs vs. Shorts: Who Took the Bigger Blow?What Sparked the Sell-Off?📊 What Now? Key Takeaways for Traders

Coinomedia2025/06/22 11:48