Hyperliquid surpasses Circle in 24-hour revenue. This milestone highlights Hyperliquid‘s explosive growth and underscores its magnetic pull in the crypto ecosystem, drawing traders with high-leverage opportunities and seamless DeFi integrations. But what does this mean for the broader market? Let’s break it down.
Understanding the Hyperliquid Surpasses Circle Milestone
Hyperliquid‘s achievement comes amid a surge in trading activity, where it generated over $7.7 million in fees from a staggering $29 billion in 24-hour trading volume.
Circle, the issuer of the popular USDC stablecoin, has long been a revenue powerhouse through interest and fees, but Hyperliquid‘s momentum, fueled by its focus on perpetual contracts, propelled it ahead.
This isn’t a fluke; Hyperliquid has been on a tear, previously overtaking Solana in monthly revenue back in July 2025 and claiming 35% of total blockchain network earnings.
Built on its own high-performance blockchain, Hyperliquid offers up to 20x leverage on assets like BTC and ETH, attracting both retail and institutional players. Its assets under management (AUM) have soared past $6.2 billion, thanks to inflows from USDC and ETH.
The native token, HYPE, reacted positively, rising 4.96% in 24 hours and 23.5% over the week, reflecting investor confidence in Hyperliquid‘s model.
Key Highlights of Hyperliquid’s Rise
Here’s what sets Hyperliquid apart in the crypto landscape:
- Record-Breaking Volume: Achieving $1.5 trillion in cumulative trading volume since early 2025, with average monthly revenue hitting $55 million.
- Outpacing Competitors: Not only surpassing Circle but also centralized exchanges like MEXC and Bitget in spot trading for certain tokens, like PUMP.
- DeFi Appeal: Hyperliquid‘s decentralized nature provides transparency and low barriers, making it a go-to for leverage trading without KYC hassles.
- Market Projections: Analysts forecast Hyperliquid‘s HYPE token could enter the top 10 by market cap by year’s end, with annualized revenue potentially reaching hundreds of millions.
This surge emphasizes Hyperliquid‘s allure in the crypto ecosystem, where speed, efficiency, and innovation draw users away from traditional platforms.
Broader Implications for Crypto
While risks like market volatility persist, Hyperliquid surpassing Circle signals a shift toward DeFi dominance. It boosts Ethereum’s Layer 2 ecosystem indirectly and could inspire more hybrid models. For traders, it means potentially lower fees and faster executions.
Curious to dive deeper? Follow our blog for crypto insights, and explore Hyperliquid trading on the MevX platform today!
Share on Social Media:
