According to ChainCatcher news, the decentralized derivatives trading platform Hyperliquid released its annual review for 2024. Data shows that the platform achieved significant growth throughout the year: daily trading volume increased from $1 billion to $15 billion, open interest rose from $178 million to $4.3 billion, TVL grew from $56 million to $2.1 billion, and the number of users expanded from 31,000 to 300,000. The platform currently supports 158 perpetual contracts and 128 native spot assets trading, with daily trading fees and spot auction revenue exceeding $3.5 million.
In 2024, Hyperliquid launched several important product and technology updates, including the native token standards HIP-1 and HIP-2, the HyperBFT consensus mechanism, the testnet EVM, Builder codes, the genesis of the HYPE token, and staking, among others. The platform's ecosystem expanded rapidly, integrating cross-chain bridges such as deBridge and Synapse, analytical tools like DEX Screener and Coinalyze, as well as trading software like CCXT and Hummingbot.
Hyperliquid stated that the platform achieved the aforementioned growth without any external financing and returned all trading fees to the community. In 2025, the platform will continue to focus on creating a fair and permissionless financial ecosystem, expecting more developers and users to join.