Messari: Hyperliquid Volume Up More Than 4X Since Last October
According to Messari, Hyperliquid's monthly volume has grown more than 4x since October 2024, demonstrating the platform's rapid rise in the decentralised trading market. Hyperliquid has cultivated a high-value, consistently active trading user base, making it the only Layer 1 alternative on the market with a clear core user base.
Its growth drivers include the introduction of new assets such as BTC in the spot market to expand the trading ecosystem and compete with CEX; HyperEVM's support for more third-party DeFi applications to increase the diversity of the on-chain ecosystem; and the structural accumulation of value through the reinvestment of transaction revenue in the HYPE token by the Assistance Fund (AF), a mechanism rarely found in most DeFi protocols. This mechanism is rare in most DeFi protocols. As the platform further optimises its on-chain order book and attracts more users, its influence in the decentralised trading market is expected to continue to grow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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