Hyperliquid's trading volume exceeded $1.5 trillion in the past year, with total revenue exceeding $300 million.

Gate News bot news, the decentralized exchange Hyperliquid has exceeded $1.571 trillion in perpetual futures trading volume over the past 12 months.

With a huge trading volume, Hyperliquid's fees and revenue reached $56 million this month, with a cumulative revenue of $310 million.

Sealaunch's data aggregated from Dune Analytics shows that Hyperliquid's perpetual futures trading volume reached 248 billion USD in May. So far this month, Hyperliquid's trading volume has reached 208 billion USD, far exceeding its competitors, as the total trading volume of other on-chain perpetual futures exchanges reached 140 billion USD.

By the end of 2024, the on-chain Perptual Futures trading volume of Hyperliquid has significantly increased. Hyperliquid's volume doubled from $75 billion in November to $150 billion in December 2024, coinciding with its airdrop of $1.2 billion worth of HYPE tokens.

Hyperliquid has achieved early success as a Perptual Futures trading platform and expanded its development earlier this year with the launch of HyperEVM. This Ethereum-compatible network allows developers to deploy smart contracts and DApps. This is associated with HyperCore, which is the underlying software that supports the platform's Layer 1 blockchain.

Source: The Block

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