Hyperliquid Hits $1.57T Annual Volume as HYPE Soars Nearly 950% Since Launch

• Hyperliquid records $1.57T in annual perpetual futures volume and $310M in cumulative revenue.
• The DEX now leads on-chain perpetual futures with a monthly volume of $208B.
• HYPE token hits new ATH of $45.57 after surging 946% since November 2024 launch.

Decentralized exchange Hyperliquid has achieved $1.571 trillion in perpetual futures trading volume over the past 12 months. The platform has established itself as a major player in the on-chain derivatives trading space.

The exchange generated $56 million in revenue this month alone, contributing to its cumulative revenue of $310 million. Data from Sealaunch on Dune Analytics reveals that Hyperliquid processed $248 billion in perpetual futures volume during May.

Current month trading activity shows $208 billion in volume, placing Hyperliquid ahead of its competitors. Combined volume from other on-chain perpetual exchanges reached $140 billion during the same period.

Hyperliquid’s Growth Trajectory Accelerates

The platform experienced quick expansion in on-chain perpetual trading volume throughout late 2024. Volume doubled from $75 billion in November to $150 billion in December 2024, coinciding with t…

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