Grayscale said Hyperliquid generated roughly $800 million in revenue in 2025 as the DeFi platform gained share in crypto perpetual futures. The report said Hyperliquid processed roughly $2.9 trillion in perpetual futures volume in 2025 and holds about $7 billion in open interest. FalconX strategist Martin Gaspar said demand for Hyperliquid's HIP-3 markets now includes pre-IPO markets.
Article
Grayscale Says Hyperliquid Could Become DeFi Financial Services Juggernaut
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.