Hyperliquid Surpasses $6 Billion in Assets Under Management, Sets New Record

Hyperliquid, a decentralized trading exchange, has reached a new all-time high in assets under management (AUM) at $6 billion, surpassing its previous record. The growth was driven by a daily net inflow of $395 million, with USDC deposits reaching a record high of $5.27 billion. Hyperliquid continues to dominate the decentralized trading market, with a monthly trading volume of $18.67 billion and total deposits reaching $121 billion. The exchange also leads in open interest at $12.1 billion. The outlook for HYPE remains bullish, with a forecast of a rally towards $60.

Hyperliquid, a leading decentralized trading exchange, has achieved a significant milestone by surpassing $6 billion in assets under management (AUM). This record was reached on August 13, driven by a daily net inflow of $395 million, with USDC deposits reaching a record high of $5.27 billion. The exchange's growth is a testament to the increasing trust and adoption of decentralized platforms in the crypto derivatives market.

The surge in AUM was fueled by large inflows of USDC and Ethereum (ETH), with USDC deposits alone reaching $304 million and ETH inflows totaling $47.6 million on that day. Galaxy Digital's record $100 million USDC deposit further boosted the platform's liquidity, with half of this amount immediately transferred to the Hyperliquid spot market. This significant deposit marks the most substantial single deposit in the platform's history.

Hyperliquid's expansion has not only increased its AUM but also its market share and trading volumes. In August, the platform's market share climbed to 22.8%, placing it third among derivatives exchanges worldwide. The exchange recorded a monthly trading volume of $18.67 billion and total deposits reaching $121 billion. Additionally, it leads in open interest at $12.1 billion, indicating increased trader engagement and deeper liquidity.

The success of Hyperliquid is not just a number; it represents a powerful wave of trust and adoption. The platform's decentralized, order-book-driven business model offers traders more asset control than its centralized rivals. This model, combined with competitive features and a smooth trading experience, has attracted a diverse user base, contributing to its rapid growth.

The exchange's native token, HYPE, has mirrored the platform's growth, climbing 4.96% in 24 hours and posting gains of 23.5% in a week. This growth is attributed to the platform's AUM milestone, record fee revenue, aggressive HYPE buybacks, and strong whale participation.

Hyperliquid's achievement is not just a win for one platform; it is a powerful testament to the growing strength and viability of the entire decentralized finance (DeFi) sector. The platform's success encourages further innovation and investment within the DeFi space, validating the potential of decentralized financial systems.

References:

[1] https://coingape.com/hyperliquid-aum-surpasses-6-2b-amid-usdc-and-eth-inflows-hype-surges/
[2] https://bitcoinworld.co.in/hyperliquid-aum-surpasses-6b/