#Hyperliquid trading volume surged 15x.#

Hyperliquid experienced significant growth in 2024, with its trading volume skyrocketing 15 times from $1 billion to $15 billion. This propelled Hyperliquid from an obscure perpetual contract DEX to a decentralized finance (DeFi) hub with $15 billion in daily trading volume. Beyond the massive volume surge, other key metrics at Hyperliquid also exhibited significant growth trends, including a 24-fold increase in open positions, a 37-fold increase in total value locked (TVL), and a 9-fold 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 Hyperliquid's tremendous success in 2024, establishing it as a force to be reckoned with in the DeFi space.