Investment Analysis and Strategy for Hyperliquid Ecosystem
In the rapidly evolving world of Decentralised Finance (DeFi), one protocol is making waves - Hyperliquid. As we stand in July 2025, the Hyperliquid DeFi ecosystem is experiencing rapid and substantial growth across multiple dimensions, including trading volumes, total value locked (TVL), user adoption, and revenue generation.
Trading Volumes --------------
Hyperliquid’s monthly trading volume is extraordinarily high, with May 2025 seeing $248 billion in perpetual contracts traded, which projects to an annualized total of about $1.57 trillion[2]. Daily combined spot and perpetual trading volumes regularly exceed $2 billion, with Hyperliquid’s central limit order book (CLOB) exchange handling approximately $420 million per day[2]. This trading volume is notable for rivaling or exceeding the combined volume of Uniswap and PancakeSwap and reaching up to 10% of Binance’s derivatives volume at peak times[2].
Total Value Locked (TVL) ------------------------
Hyperliquid ranks #8 in DeFi TVL, with about $1.75 billion locked across its vaults and protocols as of mid-2025[2]. When including bridged assets, the stablecoin float within the ecosystem exceeds $3.7 billion, indicating deep liquidity and capital support[2]. This represents a remarkable recovery and growth since a low point of roughly $150 million TVL after an incident in March 2025[2].
User Adoption --------------
The platform boasts over 500,000 unique wallets, with strong retention and engagement following community incentives and airdrops[2]. Predictions indicate that Hyperliquid is on track to surpass 1 million users by the end of 2025 as it scales up rapidly[1]. The launch of new tools like CoreWriter and HIP-3 is expected to attract many more developers and users, driving ecosystem expansion[1][3].
Revenue and Ecosystem Development ----------------------------------
Hyperliquid’s revenue generation benefits enormously from its high trading volumes and liquidity. The upcoming CoreWriter launch (anticipated imminently) promises to improve the user experience and enable the creation of innovative DeFi applications, which will likely fuel further growth[1][3]. The implementation of HIP-3 protocol improvements is expected to propel the ecosystem into mass adoption by enabling breakthrough dApps and expanding technical capabilities[1][3]. The token $HYPE is projected to enter the top 10 and possibly the top 5 cryptocurrencies by market cap by the end of 2025, reflecting strong community and market confidence[1].
Summary Table -------------
| Metric | Status (July 2025) | Growth Trajectory | |-------------------------|------------------------------------------------|---------------------------------| | **Trading Volume** | $248B monthly perpetuals; $1.57T annualized | Expected to triple during 2025 | | **TVL** | $1.75B (rank #8 in DeFi), $3.7B including bridged assets | Strong rebound and steady growth | | **Users (Wallets)** | 500,000+ wallets | On track to exceed 1 million by year end | | **Key Developments** | CoreWriter launch imminent; HIP-3 implementation | Drives innovation and adoption | | **Token $HYPE** | Rising toward top 10 to 5 by market cap | Strong upward momentum |
In conclusion, Hyperliquid is positioned as a top-tier DeFi ecosystem in mid-2025 with explosive growth in trading volumes, liquidity, user base, and innovative capabilities, driven by strategic upgrades and a favorable market environment (notably a Bitcoin bull market)[1][2][3]. The protocol now boasts over 500,000 unique wallets, with one-third of the HYPE supply staked, validators capped at 1-2% commission, and delegation open to all users. Nearly all fees (97%) are funneled into automated buybacks and burns of the HYPE token. Hyperliquid has dominant on-chain perp market share (>70%). The protocol's HIP-1 token listing auctions provide a clear path for launching ecosystem tokens, acting as both a spam filter and a HYPE burn mechanism.
- The token $HYPE, a significant component of Hyperliquid, is anticipated to enter the top 5 cryptocurrencies by market cap, reflecting strong community and market confidence, by the end of 2025.
- The Hyperliquid DeFi ecosystem's technological advancements, such as the implementation of HIP-3, are expected to propel it into mass adoption, enabling breakthrough dApps and expanding technical capabilities.
- The upcoming launch of CoreWriter within Hyperliquid's ecosystem is anticipated to improve the user experience and enable the creation of innovative DeFi applications, fueling further growth.
- Hyperliquid's DeFi ecosystem, currently experiencing rapid and substantial growth across various dimensions, is projected to triple its trading volume during 2025, a testament to its solidity and attractiveness in the world of finance and investing.
