Hyperliquid reports $3T volume and $907M revenue as it holds 50% Onchain perps share and expands via third party markets.
Hyperliquid Holds Market Share As Onchain Perps Demand Stays High, according to its 2025 annual report.
The platform reports sustained dominance in Onchain perpetual trading, supported by high volume and consistent user activity across its ecosystem.
Hyperliquid Maintains Lead in Onchain Perpetual Trading
Hyperliquid has maintained more than 50% share of the Onchain perpetual futures market for nearly a year.
This position reflects ongoing demand for decentralized derivatives trading, even as competition across platforms increases.
The platform reported over $3 trillion in total trading volume, while revenue reached about $907 million.
Around 93% of this revenue came from perpetual trading products, showing the protocol’s focus on derivatives activity.
Hyperliquid operates with a core team of 11 members and no venture capital backing.
It generated close to $1 billion in free cash flow and introduced HIP 3 infrastructure, allowing third parties to deploy markets.
These third party markets now account for about 8% of total volume and $40 million in revenue.
Hyperliquid Releases 2025 Annual Report With Research Focus
Hyperliquid has released its 2025 Annual Report, outlining its development and performance over the past year.
The report includes contributions from the core team and a broad group of ecosystem participants.
The document was prepared with support from research groups such as Four Pillars and GLC.
Contributors worked across data collection, analysis, and review to ensure consistency and accuracy throughout the report.
The team stated that the report aims to reduce information gaps and improve access for new participants.
It also serves as a reference point for ongoing research, with feedback encouraged for future updates.
Related Reading: Hyperliquid OI Hits Record 1.43B as Tokenized Assets Dominate Markets
Swift Expands Global Payments Scheme With Bank Participation
Swift reported that more than 50 banks have joined its cross border payments scheme, with over 25 expected to go live by June 2026.
These banks will support payment corridors across key global markets.
The framework is designed to provide faster and more predictable transactions, including fixed fees and full value delivery.
It also offers end to end traceability and supports instant settlement where available.
The initiative aligns with G20 goals for cross border payments by 2027.
Swift stated that 75% of its transactions already reach destination banks within 10 minutes, while the new framework aims to reduce delays in the final stage of processing.
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