TechFlow reports on January 7 that decentralized derivatives trading platform Hyperliquid has released its 2024 year-end review. Data shows significant growth across the platform 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 user count expanded from 31,000 to 300,000. The platform currently supports 158 perpetual contracts and 128 native spot assets, with daily trading fees and spot auction revenues exceeding $3.5 million.
In 2024, Hyperliquid launched several key product and technical upgrades, including the native token standards HIP-1 and HIP-2, the HyperBFT consensus mechanism, a testnet EVM, Builder codes, as well as HYPE token genesis and staking. The platform's ecosystem rapidly expanded, integrating cross-chain bridges such as deBridge and Synapse, analytics tools including DEX Screener and Coinalyze, and trading software like CCXT and Hummingbot.
Hyperliquid stated that this growth was achieved without any external funding, with all trading fees returned to the community. In 2025, the platform will continue building a fair, permissionless financial ecosystem, expecting continued influx of developers and users.
