The post Hyperliquid Surpasses dYdX with $1.5 Trillion Trading Volume Amid Controversies and Growth Efforts appeared on BitcoinEthereumNews.com.

Hyperliquid has marked a significant milestone by surpassing $1.5 trillion in all-time trading volume, eclipsing the established platform dYdX. The surge in Hyperliquid’s success is driven by its robust product offerings, strategic token buybacks, and organic growth through user referrals. Despite facing challenges, including the controversial delisting of JELLYJELLY, Hyperliquid is steadily working on restoring its reputation within the crypto community. Hyperliquid achieves $1.5 trillion in trading volume, outpacing dYdX amidst controversies while focusing on strong product offerings and strategic growth. Hyperliquid Trading Volume Surpasses dYdX Hyperliquid, a cutting-edge trading platform built on high-performance Layer 1 technology, recorded a noteworthy achievement earlier this month by capturing more than 60% of the perpetuals trading market. Its HYPE token also reached a three-month high, reinforcing investor confidence. Recent analytics revealed that Hyperliquid’s all-time trading volume has now exceeded that of dYdX, marking a significant feat for a platform that only launched in 2023. dYdX is a decentralized perpetuals exchange that has built its reputation over five years, while Hyperliquid has quickly carved a niche in a competitive environment. Unlike dYdX, which employed incentives such as reimbursement of trading fees using its native token to attract users, Hyperliquid focused on product functionality and quality. With the HYPE token generation event (TGE) occurring in 2024, Hyperliquid benefited from a booming market for crypto perpetuals trading, demonstrating a more sustainable growth approach. Additionally, Hyperliquid has committed a significant portion of its trading fees to token buybacks, a strategy that dYdX adopted later. This proactive approach has allowed Hyperliquid to repurchase 17% of the circulating HYPE tokens, driving its market cap upwards towards the $10 billion mark: Despite its rapid rise, Hyperliquid has encountered major controversies, including allegations surrounding a security breach linked to the Lazarus Group. The most notable incident occurred in March 2025, when…

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Filed under: News - @ May 22, 2025 2:28 am