Key Insights
- Hyperliquid has recorded 609.7K new users and $2.95T cumulative volume,the top among top prep venues.
- Total ecosystem revenue reached $843.79M, mainly driven by perpetuals, and efficient monetization at scale.
- HYPE is being traded near a curved support, that is aligning with strong fundamentals and the technical structure.
Hyperliquid 2025 Metrics Show Platform Strength While HYPE Price Compresses
Hyperliquid trades at $25.10 today with $139.5 million in 24-hour volume. This capital is reflecting a steady market participation. The token is up 1.80% in the past day and has gained 3.14% over the last week. Users revenue, and capital inflows growth shows that bulls are in control.This has prompted traders to monitor HYPE coin technical zones closely to determine entry points.
Hyperliquid 2025 Performance Signals Sustained Platform Expansion
According to a report shared by Wu Blockchain ,in 2025 Hyperliquid added about 609,700 new users. This has pushed the platform’s cumulative trading volume to $2.95 trillion, after about 198.9 billion trades. These figures frame Hyperliquid as a high-throughput derivatives venue compared to its earlier state of a niche decentralized exchange.
Revenue performance has remained consistent with activity growth as the ecosystem generated $843.79 million in revenue. They also recorded $908.04 million in total fees. The narrow spread between fees and revenue shows the efficiency and operational ability to limit leakage across products. As a result the Net inflows totaled about $3.87 billion, reinforcing steady capital commitment.
https://x.com/WuBlockchain/status/2004550886698164414?s=20
Total value locked is currently around $4.15 billion by year end. This metric suggests that assets on the platform went beyond short-term trading needs. Furthermore, Wu Blockchain’s post gives evidence of a platform transitioning from expansion into operational maturity, supported by sustained user engagement.
Revenue Composition Shows Clear Dependence on Perpetual Trading
In addition, Hyperliquid’s HyperCore revenue breakdown shows that derivatives markets are the dominant source of income. Perpetual contracts alone have generated about $848.33 million in fees and $808.54 million in revenue. This high concentration is a sign of frequent trading, leverage usage, and deep liquidity across core markets.
Spot trading played a smaller but stable role, total spot fees reached $40.61 million, and translated into $35.25 million in revenue. The further positions spot trading as a complementary infrastructure rather than a primary driver of platform earnings. HLP contributed additional $19.10 million in fees, and added to the limited diversification.
The platform is optimized for active traders and this has led to generation of a notably high fee. This is due to the conversion remaining efficient across products, suggesting a mature system and predictable monetization system. Wu Blockchain’s summary frames this composition as consistent with Hyperliquid’s focus on professional trading workflows.
Ecosystem Activity and HYPE Price Structure Converge
Beyond core trading, Hyperliquid’s builder ecosystem expanded its reach and the total ecosystem builders . This expansion led to the generation of about $46.27 million in revenue and $152.17 billion in trading volume. About 289,800 users onboarded through third-party tools. Data shows that only 187 are active builders that are currently supporting ecosystem distribution.
On-chain activity through HyperEVM remained high and the network processed over 102 million transactions. However, despite this the gas spending by top users stayed relatively contained. High capital velocity has persisted and the stablecoin supply has reached $767.83 million, while cumulative stablecoin volume exceeded $120.82 billion.
HYPEUSDT Price Chart | Source:X
HYPE is trading along a curved trendline. This line is often termed as a parabolic arc. The price chart shows the coin consolidated near 24–25 USDT, which is a zone that is technically associated with either reversal or continuation. This chart setup therefore aligns well with the strong Hyperliquid fundamentals.
