The post Hyperliquid Shatters Records With 20B Volume And 3M Revenue Surge appeared on BitcoinEthereumNews.com.

Hyperliquid has set a new all-time high with a $20B 24-hour volume and $3M in revenue, outpacing major blockchain projects like Solana. This growth, driven by the listing of TRUMP perpetual contracts, highlights the platform’s strong market presence and potential for further expansion. Hyperliquid Data Shows Record-Breaking Purchase Activity and Surge in Trading Volume Data from SpotonChain shows that the Hyperliquid Assistant Fund has topped the market with its highest daily purchase of HYPE tokens. In one day, the fund acquired over 200,000 HYPE tokens, worth about $4.2 million. Source: X This purchase led to a sharp spike in the 24 hour trading volume coming to $20 billion. This listing is prompting more market interest, and Hyperliquid’s market share has risen above 60% of total decentralized perpetual volumes. – Advertisement – To go along with the volume growth, the token had its highest ever revenue day, generating almost $3 million in fees. The rise in trading volume is also driven by the increasing attraction of meme tokens such as TRUMP and MELANIA after being listed on Hyperliquid. The Trump family meme coins are still generating a lot of hype and Hyperliquid has the edge as one of the first exchanges to list the coins. Market activity shows significant growth during the period of December 2024 through January 2025 as volume data increases. A very sharp spike in volume of HYPE on January 19th, 2025 crossed 200,000 tokens traded. With demand for meme coins on the rise and Hyperliquid’s market reach continuing to broaden, we may see these records broken in the days to come. Hyperliquid Revenue Exceeds Solana’s Despite Lower Market Cap, Highlighting Its Undervaluation Hyperliquid continues to outperform revenue wise vs larger Blockchain projects in the space, including Solana. In the past 24 hours, Hyperliquid has generated $2.79 millon…

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Filed under: News - @ January 20, 2025 6:19 pm