Hyperliquid Records $6.4B Average Daily Trading Volume Over Last Quarter: Blockworks Research

Recent data from Blockworks Research highlights Hyperliquid’s robust trading activity, with the platform averaging $6.4 billion in daily volume over the past three months. This sustained performance underscores its growing prominence in the decentralized derivatives market, reflecting strong liquidity and trader engagement. The figures position Hyperliquid as a key player amid increasing competition in the perpetual swaps and futures trading landscape.

Boccaccio also noted that Hyperliquid’s UX and ability to list popular tokens quickly have helped boost its popularity. 

Hyperliquid’s CORE businesses are HyperCore (the order book exchange) and HyperEVM (the EVM network). Right now, HyperCore is the dominant business, with a valuation of $11.2 billion to HyperEVM’s $61 million. 

But that “discrepancy” is warranted, Boccaccio wrote, “given that the core product is, and should be, the HyperCore, while the HyperEVM initially will likely act as a supporting chain.”

The report notes that HyperEVM could be a more profitable product later on, especially if it integrates token launchpads, SocialFI, NFT marketplaces on the chain.

Guess there’s a reason for all that HYPE.

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