#Hyperliquid trading volume surged 15x.#

Hyperliquid experienced significant growth in 2024, with its daily trading volume surging from $1 billion to $15 billion, a 15-fold increase. This growth was driven by its leading position in perpetual contract trading and its continuous optimization of user experience and trading efficiency. Hyperliquid's total value locked (TVL) also increased from $56 million to $2.1 billion, a 37-fold growth, indicating increasing user trust and engagement with the platform. Additionally, Hyperliquid's open interest rose from $178 million to $4.3 billion, a 24-fold increase, reflecting the active use of leverage trading tools offered by the platform. Hyperliquid's user base also grew from 31,000 to 300,000, a 9-fold increase, demonstrating its expanding influence in the decentralized finance (DeFi) space. Hyperliquid launched 158 perpetual contracts and 128 native spot assets in 2024, providing users with a wider range of trading options. Hyperliquid's daily trading fees and spot auction revenue exceeded $3.5 million, proving the success of its business model. Overall, Hyperliquid achieved tremendous success in 2024 and has become a significant player in the DeFi space.