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Skyrocketing TVL and Daily Trading Volume for Hyperliquid Hits New Heights

Hyperliquid's Total Value Locked soared to an astounding $674 million, and the platform witnessed its highest daily trading volume on August 5, surpassing $4 billion.

Liquid Asset Platform Surpasses Previous High Valuation and Daily Transaction Volume
Liquid Asset Platform Surpasses Previous High Valuation and Daily Transaction Volume

Skyrocketing TVL and Daily Trading Volume for Hyperliquid Hits New Heights

Hyperliquid: Revolutionizing Decentralized Derivatives Trading

Hyperliquid, a pioneering decentralized perpetual futures trading platform, has been making waves in the DeFi space with its unique features and impressive performance. Built on its own ultra-fast Layer 1 blockchain, Hyperliquid offers a fully on-chain order book, providing near-instant transaction finality and high throughput, up to 100,000 to 200,000 transactions per second (TPS) [1][3][4].

Distinguishing itself from many DEXs that use Automated Market Makers (AMMs), Hyperliquid matches buyers and sellers directly in real time, reducing slippage and offering more precise order control, similar to centralized exchanges [1][4]. This hybrid design, consisting of off-chain order matching and on-chain settlement, ensures both fast execution and reliable, transparent on-chain finality of trades [4].

Hyperliquid's platform supports HyperEVM smart contract development, enabling developers to build advanced DeFi applications natively connected to Hyperliquid’s liquid order books without bridging, supporting permissionless token launches and other financial tools [4]. The platform also features a decentralized clearinghouse, optimizing capital efficiency and risk management for traders through isolated and cross-margin trading [1].

Other notable features include zero gas fees on trades, a decentralized oracle system updating prices every 3 seconds from major centralized exchanges, and leverage up to 50x on a wide range of perpetual futures, including major cryptos and meme tokens [2]. Hyperliquid has also integrated AI-driven trading and analytics tools such as Ave.ai, CoreWriter, and Token Metrics, providing real-time smart money tracking, whale activity signals, and automated, data-driven insights [5].

The platform's Hyperstable protocol offers attractive yields on stablecoin deposits and over-collateralized stablecoin issuance, enhancing the DeFi yield ecosystem on the platform [5]. Hyperliquid's TVL figure has reached a new record high of $674 million on Wednesday, with a daily trading volume of $1.4 billion on August 6 [1][3].

In terms of recent performance, Hyperliquid has controlled about 70% of DEX perpetual derivative trading volume, with reported trading volumes exceeding $1.5 trillion annually, rivaling top centralized exchanges like Binance [3]. The number of daily unique traders on the platform reached a record high of over 60,000 at the end of July, driven by users trading altcoins other than Ethereum [1].

Hyperliquid surpassed dYdX in terms of weekly trading volume and continues to expand its ecosystem with community-driven tokenomics, no VC backing, and a growing set of developer tools and DeFi protocols within its network [3][4]. AI-driven features launched or enhanced in mid-2025 have helped traders manage risks and exploit market flows effectively, demonstrating robust infrastructure and practical utility in volatile markets [5].

In conclusion, Hyperliquid combines the speed and liquidity of centralized derivatives exchanges with decentralized transparency and smart contract extensibility, supported by cutting-edge blockchain technology and AI tools, driving rapid adoption and significant market share in decentralized derivatives trading [1][3][5].

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