- Hyperliquid’s TVL surged past $536M, marking a rapid rise from near zero in 2024.
- Market share hit 3.8% as Hyperliquid gained ground against centralized exchanges like Binance.
- 100K loyal holders and fast EVM expansion drive consistent growth and organic momentum.
Hyperliquid’s HYPE went full throttle, ripping 38% higher in the past one week. No fluff. No empty promises. This run didn’t come out of thin air—it’s backed by numbers, momentum, and a wild level of community support. With only 100,000 holders and fresh all-time highs in both market share and TVL, HYPE looks less like a lucky bet and more like a rocket that just found fuel.
TVL is soaring, Traders Can’t Get Enough
Over the past few months, HYPE’s Total Value Locked didn’t just grow—it absolutely exploded. From nearly zero in late 2024, TVL skyrocketed to $536 million. That’s not just growth. That’s a full-on transformation. Most protocols dream of this level of traction in years, not quarters. March brought a bit of a slowdown, but early April snapped things back to life. Fresh capital rushed in, shoving TVL over the half-billion-dollar mark and setting off alarms across crypto Twitter. This wasn’t just about liquidity. Confidence returned. Momentum built.
Meanwhile, top decentralized exchanges stayed stuck in neutral. dYdX and GMX watched from the sidelines while Hyperliquid bulldozed through barriers they couldn’t. Speed made a difference. So did the clean, easy-to-use interface and lightning-fast trade execution. The EVM layer deserves special mention. No other Ethereum Virtual Machine expansion is growing faster right now. This tech stack isn’t just a backend tool—it’s the engine driving Hyperliquid’s run to the top.
Market Share Explodes and the Community Holds Strong
In just six months, Hyperliquid grabbed 3.8% of the entire perpetuals market. That’s massive. Especially in a space ruled by giants like Binance, OKX, and Bybit. December through January started the trend. March and April pushed it into overdrive. This growth didn’t flash and fade like so many others.
Volume kept rising. User activity stayed high. Week after week, market share climbed without pause. That level of retention shows something rare: a platform traders don’t just try once—they keep coming back to. And then there’s the backbone of this entire push—the holders. Around 100,000 strong, deeply loyal, and not chasing pump-and-dumps.
No wild token inflation, no spammy tactics. Just a committed crowd fueling something that feels built to last. This isn’t just another DEX. Hyperliquid is writing its own script. The platform is rewriting what fast, scalable, decentralized trading looks like. Centralized giants should probably start watching their rearview mirrors—something serious is gaining ground.
