Catenaa, Thursday, January 16, 2025 – Hyperliquid, the decentralized exchange platform, hit a $2.1 billion total value locked (TVL) in 2024, reports on January 7 said.
The recorded TVL last year has been raised from $56 million.
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Hyperliquid is becoming a leading hub with notable acquisitions, experts observed.
Other remarkable achievements of Hyperliquid were a daily trading volume of $15 billion, open interest that climbed from $178 million to $4.3 billion, and the revenue earned via trading fees and spot auctions has exceeded $3.5 million.
The user base of the exchange has expanded to 300,000 by the end of 2024.
Further, 158 perpetual trading pairs and 128 native spot assets are backed by Hyperliquid by 2024.
The release of HIP-1 and HIP-2, the native spot token standards; the launch of the third-party platforms and trading tools; along with the introduction of HypurrScan and HypurrFun, the apps, supported the growth of the exchange.
Hyperliquid is a hybrid DEX with low cost and zero fees that utilizes an order book facility, enabling the users a transparent trading platform. The platform does not provide accessibility to fiat deposits and multi-chain facilities.
