How Hyperliquid Hit $330B Volume With Just 11 People
The post How Hyperliquid Hit $330B Volume With Just 11 People appeared on BitcoinEthereumNews.com.
Key takeaways: Hyperliquid processed around $330 billion in trading volume in July 2025, briefly surpassing Robinhood. A split-chain design enabled CEX-like speed while keeping custody and execution onchain. The HLP vault and Assistance Fund buybacks aligned traders, market makers and token holders in a reinforcing loop. A large airdrop, Phantom Wallet integration and self-funded operations helped attract users and sustain adoption. A year after launching its own layer 1 (L1), Hyperliquid has become one of decentralized finance’s (DeFi) top perpetuals venues, logging about $319 billion in trading volume in July 2025. Remarkably, the core team behind it is believed to consist of only 11 people. This guide looks at the technical design and operational choices that enabled such scale. What is Hyperliquid? Hyperliquid is a decentralized perpetuals exchange built on a custom layer 1. Its chain is divided into two tightly connected components: HyperCore, which manages the onchain order book, margining, liquidations and clearing; and HyperEVM, a general-purpose smart contract layer that interacts directly with exchange state. Both are secured by HyperBFT, a HotStuff-style proof-of-stake (PoS) consensus that enforces a single transaction order without relying on offchain systems. HyperEVM launched on mainnet on Feb. 18, 2025, adding programmability around the exchange core. Did you know? Hyperliquid achieves a median trade latency of just 0.2 seconds (with even 99th‑percentile delays under 0.9 seconds) and can handle up to 200,000 transactions per second, rivaling centralized exchanges on speed. The $330-billion month: What the data shows July was Hyperliquid’s strongest month yet. Data from DefiLlama shows the platform processed about $319 billion in perpetuals trading volume. That pushed DeFi-wide perpetuals to a record $487 billion — a 34% jump from June. At the same time, industry trackers highlighted a combined $330.8 billion figure, which included spot trading as well. Headlines noted this meant…
Filed under: News - @ September 10, 2025 3:27 am