The number of users on the Hyperliquid exchange increased by 609,000 in 2025, with trading volume reaching $2.9 trillion, according to ASXN data.

The strong growth reflects rising adoption and liquidity in the platform, positioning Hyperliquid as one of the fastest-growing crypto exchanges of the year. Analysts note that user acquisition, high-frequency trading, and institutional participation have been key drivers behind this record activity.

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