Hyperliquid dominates with a trading volume exceeding $250 billion

RetailTherapist · 2026-02-28T03:08:58+00:00

Hyperliquid, a decentralized derivatives protocol, has experienced rapid growth in trading activity, with daily volumes reaching $2,500 million during the 2024 holidays and soaring to $25 billion within six weeks. Its total trading volume exceeded $382 billion, fueled by an expanded range of contract types and increased market participation, establishing it as a leader in decentralized trading.

RetailTherapist

2026-02-28 03:08:58

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The decentralized derivatives protocol Hyperliquid has experienced a spectacular growth in trading activity over the past few months. Data released by specialized institutions like Delphi Digital and reports from Odaily show that the total volume has reached figures that surprise the cryptocurrency market, establishing the platform as one of the leading players in the trading sector.

Trading volume grows exponentially in weeks

During the late 2024 holiday period, the protocol recorded a daily volume of $2.5 billion, marking an important milestone in its trajectory. Most notably, this figure multiplied more than ten times in just six weeks, reaching $25 billion in daily volume as the year progressed.

Since the end of last year, the total accumulated trading volume has far exceeded $382 billion. This unprecedented growth reflects not only traders’ demand for decentralized derivatives products but also the widespread adoption of the tools offered by Hyperliquid within the ecosystem.

Key factors behind the protocol’s growth

The exponential increase in volume is directly related to the expansion of contract types available on the platform and the intensification of overall trading activity. The protocol has successfully attracted both retail traders and institutional participants seeking alternatives to centralized platforms.

This dynamic positions Hyperliquid as a benchmark in the decentralized derivatives space, demonstrating that trading volume is a key indicator of growth and confidence in modern DeFi protocols.

HYPE8.86%

DEFI4.46%

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