HYPERLIQUID VOLUME TOPS $1.5 TRILLION

Summary from the TLDR Crypto newsletter

Hyperliquid logged $1.57 trillion in onchain perpetuals volume over the past 12 months, generating $56 million in fees this month and $310 million in cumulative revenue. Its volume surged from $75 billion in November to $150 billion in December 2024 during the $1.2 billion HYPE airdrop, with May's $248 billion easily outpacing the $140 billion combined volume of other onchain perps DEXs. The platform, bolstered by its new HyperEVM network and HyperCore Layer 1 infrastructure, delivers sub-second finality and handles over 100,000 orders per second on a fully onchain order book.