Chiara Bianchi
Hyperliquid, a decentralized exchange (DEX) specializing in perpetual futures, has officially surpassed $1.571 trillion in trading volume over the past 12 months โ a milestone that cements its position as one of the most dominant players in the on-chain derivatives market.
According to analytics data compiled by Sealaunch via Dune, the platform also generated an impressive $56 million in revenue this month alone, boosting its cumulative earnings to $310 million.
Volume Growth Leaves Rivals Behind
Hyperliquid handled $248 billion in trading volume in May, followed by $208 billion in June (as of the latest update), far outpacing its closest competitors. Combined, other decentralized perpetual futures exchanges recorded just $140 billion in volume during the same period.
This explosive growth follows a record-breaking performance at the end of 2024, when trading volume doubled from $75 billion in November to $150 billion in December โ a jump largely attributed to the platformโs $1.2 billion HYPE token airdrop.
High-Speed On-Chain Infrastructure
โHyperliquid delivers sub-second finality and can process over 100,000 orders per second, offering a truly on-chain order book with real-time execution and full transparency,โ said Min Jung, a research analyst at Presto Research.
This speed and performance are a result of Hyperliquidโs custom Layer 1 infrastructure, powered by HyperCore, which underpins its on-chain engine.
Expanding Beyond Trading With HyperEVM
In early 2025, Hyperliquid broadened its offerings by launching HyperEVM, an Ethereum-compatible environment for building smart contracts and decentralized applications. This expansion positions Hyperliquid as more than just a trading platform โ it’s becoming a full-stack blockchain ecosystem.
โWith a transparent on-chain audit trail, a growing developer ecosystem via HyperEVM, and an innovative community-focused buyback program, Hyperliquid is setting a new standard for decentralized finance, rivaling even centralized exchanges in both functionality and trust,โ Min added.
