#Hyperliquid trading volume surged 15x.#

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Hyperliquid experienced significant growth in 2024, with trading volume surging from $1 billion to $15 billion, a 15x increase. Other key metrics also saw substantial growth, including a 24x increase in open positions, a 37x increase in total value locked (TVL), and a 9x increase in user count. Hyperliquid also launched 158 perpetual contracts and 128 native spot assets, achieving over $3.5 million in daily trading fees and spot auction revenue. These figures demonstrate that Hyperliquid has evolved from an obscure perpetual contract DEX into a major DeFi hub.

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Analysis

Hyperliquid experienced significant growth in 2024, with its daily trading volume surging from $1 billion to $15 billion, a 15-fold increase. This growth was driven by its success in the perpetual contract trading space and its contributions to the decentralized finance (DeFi) ecosystem. Hyperliquid's total value locked (TVL) also increased from $56 million to $2.1 billion, a 37-fold growth, while its user base expanded from 31,000 to 300,000, a 9-fold increase. Additionally, Hyperliquid launched 158 perpetual contracts and 128 native spot assets, further expanding its product and service offerings. Hyperliquid's success demonstrates the growing role of perpetual contract DEXs in the DeFi space, providing users with more trading options and opportunities.

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Hyperliquid trading volume surged, becoming a DeFi hub

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Hyperliquid trading volume increased 15 times, reaching $15 billion in daily trading volume

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Hyperliquid user base grew 9 times, reaching 300,000

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Hyperliquid TVL increased 37 times, reaching $2.1 billion

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