Large-scale transactions mark DeFi milestone as Hyperliquid exceeds $248,000,000 in volumes
In the rapidly evolving world of decentralized finance (DeFi), one protocol stands out as a pioneer — Hyperliquid. This innovative platform, built on its own custom Layer 1 blockchain, is revolutionizing high-performance DeFi applications in crypto derivatives trading.
Hyperliquid's unique selling point is its fully on-chain order book, a feature that combines the speed and user experience of centralized exchanges (CEXs) with full transparency, decentralization, and zero gas fees for traders. This appeals to traders seeking trustless environments, providing a seamless trading experience without compromising on security or cost efficiency.
Innovative Layer 1 Design
At the heart of Hyperliquid's success is its purpose-built Layer 1 blockchain, HyperEVM. Powered by a proprietary consensus mechanism called HyperBFT, this blockchain delivers fast transaction finality, zero gas fees, and high throughput, enabling sub-second trade execution without sacrificing decentralization.
Cost Efficiency and Community-Driven Growth
Hyperliquid's cost efficiency is another key factor in its rise to the top. It absorbs gas fees on its native chain and charges only very low trading fees (0.01% maker, 0.035% taker). It also offers maker rebates and up to 50x leverage, making it attractive to high-volume and high-frequency traders while reducing trading costs drastically compared to many competitors.
The platform's growth has been driven organically, focusing on a strong community development through airdrops and rewarding early users with 31% of the total supply of its native token, HYPE. The tokenomics are designed to drive long-term value by allocating 97% of trading fee revenue to buybacks of HYPE, with nearly $1.3 billion in buybacks executed to date by the Hyperliquid Assistance Fund. This has created strong buy pressure and alignment between traders and the platform’s success.
Record-Breaking Trading Volumes and Revenues
Since migrating to HyperEVM, Hyperliquid has consistently set all-time highs. In July 2025 alone, the platform recorded over $320 billion in perpetuals trading volume and $87 million in revenue, commanding a 6.1% market share against even centralized futures exchanges like Bybit and OKX, and accounting for 35% of all blockchain trading revenue that month.
Advanced Features and Regulatory Compliance
Hyperliquid's offerings are further enhanced by advanced features such as integration of advanced oracles to prevent price manipulation, copy trading vaults, zero-KYC accessibility worldwide, and staking/governance utilities with the HYPE token. The platform has also adapted to regulatory demands, seeking alliances with authorities like the CFTC to strengthen trust in its business model and continue expanding its global reach.
In conclusion, Hyperliquid's leadership in the crypto perpetual market results from its innovative Layer 1 design enabling zero-fee, fast, fully transparent on-chain trading, combined with community-driven growth and smart tokenomics fueling sustained trading volumes and revenues that rival major centralized exchanges.
Caution: Investment in crypto assets is not fully regulated, may not be suitable for retail investors due to its high volatility, and there is a risk of losing the entire amount invested.
- The innovative Layer 1 blockchain, HyperEVM, utilized by Hyperliquid, incorporates technology such as a HyperBFT consensus mechanism and delivers fast transactions with zero gas fees, enhancing market opportunities for high-performance DeFi applications.
- In an effort to attract and encourage participation from various sectors of the technology market, Hyperliquid offers cost-efficient trading services with low fees and sustainable tokenomics, providing a unique trading environment that combines elements from both centralized and decentralized markets.