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cryptonews 2025-01-07 18:17:54

Hyperliquid Reports 2024 Milestones, Achieves $2.1B TVL

Hyperliquid highlighted key milestones in 2024, including reaching $15 billion in daily trading volume and expanding its user base ninefold to 300,000 users. According to a post by Hyper Foundation , the decentralized exchange attributed its rapid growth and ecosystem expansion to updates such as the HyperBFT consensus, HIP token standards, and staking features. Hyperliquid’s Exponential Growth in 2024 Hyperliquid experienced growth in 2024, with its 24-hour all-time high (ATH) trading volume climbing from $1 billion to $15 billion. This major increase in trading activity was accompanied by growth in other metrics, highlighting Hyperliquid’s expanding market presence. Hyperliquid started 2024 as a barely-known perp dex and ended the year as one of the largest decentralized financial hubs, processing billions in volume per day with a thriving ecosystem of builders, traders, and community members. Thank you to everyone who came together for a… pic.twitter.com/GgmlsiW4mg — Hyperliquid (@HyperliquidX) January 7, 2025 Open interest rose from $178 million to $4.3 billion, while total value locked (TVL) climbed from $56 million to $2.1 billion. Additionally, the exchange’s user base expanded from 31,000 to 300,000, marking a ninefold rise. Hyperliquid also supported 158 perpetual trading pairs and 128 native spot assets, generating over $3.5 million in daily revenue from trading fees and spot auctions. These achievements were underpinned by the introduction of staking mechanisms and native token standards, including HIP-1 and HIP-2, which streamlined token usage across its platform. Ecosystem Expansion Through New Features in 2024 Throughout 2024, Hyperliquid launched new features and integrations that strengthened its ecosystem. Third-party platforms, including Synapse, deBridge, and DEX Screener, bolstered interoperability and trading tools within Hyperliquid’s ecosystem. Projects launched on Hyperliquid during the year included applications like HypurrScan, which allows users to analyze blockchain data, and HypurrFun, a platform for trading and creating meme coins . Community-driven initiatives, such as Hyperliquid KR and HyperActive, further contributed to regional expansion and outreach efforts. “All of this was achieved without taking any external funding and giving all trading fees to the community,” Hyper Foundation stated in its post. “Thank you to everyone who came together for a record-breaking 2024.” The post Hyperliquid Reports 2024 Milestones, Achieves $2.1B TVL appeared first on Cryptonews .

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