Messari: Since October last year, Hyperliquid's trading volume has increased more than four times

according to a report by Messari, Hyperliquid's monthly trading volume has increased more than 4 times since October 2024, demonstrating the platform's rapid rise in the decentralized trading market. Hyperliquid has cultivated a group of high-value, consistently active trading users, becoming the only Layer 1 alternative in the market with a clearly defined core user base.

The driving forces behind its growth include the introduction of new assets like BTC in the spot market, expanding the trading ecosystem and competing with CEX; HyperEVM supports more third-party DeFi applications, enhancing on-chain ecological diversity; at the same time, the Assistance Fund (AF) reinvests trading revenue into HYPE tokens, achieving structural value accumulation, a mechanism that is relatively rare among most DeFi protocols. As the platform further optimizes its on-chain order book and attracts more users, its influence in the decentralized trading market is expected to continue to rise.