Hyperliquid Releases 2024 Review: TVL Increases from $56 Million to $2.1 Billion
ChainCatcher news, the decentralized derivatives trading platform Hyperliquid has released its 2024 annual review. Data shows that the platform achieved significant growth throughout the year: daily trading volume increased from $1 billion to $15 billion, open interest rose from $178 million to $4.3 billion, TVL grew from $56 million to $2.1 billion, and the number of users expanded from 31,000 to 300,000. The platform currently supports trading of 158 perpetual contracts and 128 native spot assets, with daily trading fees and spot auction revenue exceeding $3.5 million.In 2024, Hyperliquid launched several important products and technology updates, including the native token standards HIP-1 and HIP-2, the HyperBFT consensus mechanism, the testnet EVM, Builder codes, the HYPE token genesis and staking, among others. The platform's ecosystem is rapidly expanding, integrating cross-chain bridges like deBridge and Synapse, analytical tools such as DEX Screener and Coinalyze, as well as trading software like CCXT and Hummingbot.Hyperliquid stated that the platform achieved the above growth without any external funding and returned all trading fees to the community. In 2025, the platform will continue to focus on building a fair and permissionless financial ecosystem, with expectations of more developers and users joining.