#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 success in the perpetual contract trading space, coupled with continuous improvements in user experience and trading tools. Hyperliquid's total value locked (TVL) also grew from $56 million to $2.1 billion, a 37-fold increase, indicating growing user trust in the platform. Additionally, the open interest increased from $178 million to $4.3 billion, a 24-fold increase, while the user base expanded from 31,000 to 300,000, a 9-fold increase, demonstrating Hyperliquid's ability to attract a growing number of users to its decentralized finance (DeFi) ecosystem. Hyperliquid's success is also reflected in its daily trading fees and spot auction revenue exceeding $3.5 million, indicating a sustainable business model that delivers value to its users. In conclusion, Hyperliquid's rapid growth in 2024 has established it as a force to be reckoned with in the DeFi space, with a promising future ahead.