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Hyperliquid is a decentralised exchange that processes billions of dollars in daily trading volume.
Hyperliquid enables 24/7 trading of digital and real-world assets, including crude oil and equities.
KEY POINTS
- In February, Hyperliquid’s crude oil perpetuals surpassed $1.2 billion in 24-hour notional volume during global market closures.
- S&P 500 perpetuals began trading on Hyperliquid in March with full S&P Dow Jones Indices endorsement.
- Hyperliquid generated $962 million in protocol fees in 2025, mostly used programmatically to buy back HYPE.
- US regulators are actively developing rules for platforms like Hyperliquid that lack centralized intermediaries.
COMPANIES
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