Hyperliquid Surges 12.415% as BitGo Integrates Custody Solutions

Hyperliquid's latest price was $48.58, up 12.415% in the last 24 hours. BitGo has integrated its secure custody solutions into the Hyperliquid ecosystem, allowing institutional investors to access HyperEVM with BitGo’s qualified custody services. This integration enables users to engage with Hyperliquid’s products like stablecoins, staking, and governance. The partnership follows Anchorage Digital Bank’s recent custody support for Hyperliquid’s native token HYPE, highlighting the growing trend of institutional interest in Hyperliquid.

BitGo’s integration with Hyperliquid enables institutional users to have qualified custody, allowing them to interact confidently with Hyperliquid’s on-chain trading ecosystem. BitGo’s custody solution is now live, providing institutional clients with safe interactions in the growing decentralized finance (DeFi) market. BitGo’s custody service is crucial for institutional investors who want to participate in the platform’s products, which include stablecoins, staking solutions, collateral, and wealth management. The integration allows institutions to engage more easily with decentralized applications (dApps) and governance features.

Hyperliquid’s HyperEVM is a key smart contract layer that supports decentralized finance applications and is compatible with Ethereum. The integration of BitGo’s secure custody system will strengthen the Hyperliquid ecosystem. Hyperliquid’s Layer 1 chain currently has over $2.53 billion in total value locked and a market cap of $5.58 billion in stablecoins. BitGo’s support for Hyperliquid is particularly important as decentralized finance continues to expand, providing institutional clients with a secure environment to participate in DeFi. As more investors seek reliable platforms, BitGo’s integration will allow them to interact with assets safely within Hyperliquid’s ecosystem.

Hyperliquid, a decentralized exchange, reported a $330.8 billion trading volume in July 2025, surpassing Robinhood’s performance by $93 billion. This highlights Hyperliquid’s growing influence in cryptocurrency trading, underlining significant impact on DeFi markets. The exchange’s performance spotlighted its high-performance DeFi infrastructure. This achievement positions Hyperliquid as a significant player, with the increase in trading volumes underscoring the growing trust and activity within decentralized trading platforms. The surge in Hyperliquid’s trading volume signalizes a significant shift toward decentralized exchanges, as traders seek efficiency and lower latency.

Hyperliquid’s position reflects a broader trend toward decentralization in trading. The implications of this shift remain significant for cryptocurrency markets. Technological advancements in DeFi infrastructure are promising. As the industry evolves, decentralized exchanges like Hyperliquid may continue to see growth. Hyperliquid’s spot volumes have seen a significant rise, particularly when compared to centralized exchanges (CEXs). Over the weekend, an unknown entity deposited and sold ~22.1k BTC to rotate into ~555k ETH, valued at over $2.4 billion. This surge in spot volumes positioned Hyperliquid as the second-highest exchange by BTC spot trading volume on Aug. 24, with a 12% market share, behind only Binance (38%). This is a substantial increase from Hyperliquid’s 30-day average daily market share of ~1%.

Hyperliquid has demonstrated significant growth in decentralized exchange activity, consistently surpassing Robinhood in monthly trading volume for three consecutive months through July 2025. This trend reflects expanding adoption as the platform becomes an increasingly prominent venue for digital asset trading. The exchange recently achieved new milestones in trading activity, establishing a 24-hour spot volume record of $3.4 billion on August 26, 2025. This surge placed Hyperliquid as the second-largest global platform for Bitcoin spot trading when accounting for both centralized and decentralized exchanges. Key contributors to this activity included substantial trading volumes across major cryptocurrency pairs.

Infrastructure support for Hyperliquid expanded with BitGo announcing ecosystem integration, facilitating broader accessibility and institutional participation. This development coincides with increasing platform usage, as evidenced by cumulative trading volume exceeding $2.5 trillion according to community observations. Notable on-chain activity occurred on August 26 when a major cryptocurrency holder executed significant asset reallocation involving Bitcoin and Ethereum through the Hyperliquid platform. This transaction demonstrates the platform's role in facilitating large-scale institutional crypto operations.