Hyperliquid saw a net inflow of $3.87 billion in 2025, with a trading volume of nearly $3 trillion.

[Hyperliquid Sees $3.87 Billion Net Inflow in 2025, Trading Volume Nears $3 Trillion] According to Mars Finance, on December 26th, cryptocurrency research firm ASXN disclosed Hyperliquid's 2025 operating data: The total net inflow of funds for the year reached $3.87 billion, with 609,662 new users. In terms of trading, the total trading volume completed on Hyperliquid in 2025 reached $2.95 trillion, with an average daily trading volume of $8.34 billion, an hourly volume of $347 million, and a minutely volume of $5.79 million. Order execution also broke records, with a total of 198.9 billion transactions executed throughout the year, including 174.3 billion perpetual contracts (Perps), 22.6 billion spot transactions, and approximately 1.9 billion HIP-3 transactions; on average, this equates to 562 million transactions per day, 23.4 million transactions per hour, and approximately 390,000 transactions per minute. Against the backdrop of the continued rise in the DEX derivatives market, Hyperliquid's capital inflows and trading activity demonstrate its strong appeal in the high-frequency and perpetual contract market.