Hyperliquid Surpasses Robinhood as DeFi Redefines Trading

BitGo has announced an expansion of its services to the Hyperliquid ecosystem through its HyperEVM, marking a strategic move to support decentralized finance (DeFi) infrastructure. This development is expected to enhance transaction efficiency and interoperability for Hyperliquid users, aligning with the growing demand for scalable blockchain solutions in the derivatives trading space [1]. BitGo's integration with HyperEVM reflects the broader trend of institutional-grade custodial and infrastructure services entering the DeFi arena, potentially accelerating mainstream adoption [2].

Hyperliquid has experienced a surge in activity and market dominance, particularly in the decentralized derivatives trading space. Data from Artemis Terminal indicates that Hyperliquid’s 24-hour chain fees have surpassed those of Ethereum and Tron, highlighting the platform’s growing popularity and network usage [3]. Additionally, the platform’s Total Value Locked (TVL) reached an all-time high of $2.3 billion, further underscoring its expanding user base and liquidity depth [4]. Hyperliquid’s ability to outperform traditional financial platforms is attributed to its minimal operational overhead and high efficiency in generating revenue per employee [5]. This efficiency places it among the most productive platforms in the crypto industry, outperforming tech giants like Apple and Meta in revenue per employee metrics [5].

The platform has also demonstrated consistent outperformance in trading volume, surpassing Robinhood for the third consecutive month. According to DefiLlama data, Hyperliquid recorded $330.8 billion in combined spot and perpetual volume in July, significantly higher than Robinhood’s $237.8 billion. This trend indicates that decentralized derivatives platforms are gaining traction among both retail and institutional traders, particularly in the absence of regulatory constraints that often limit traditional trading platforms [5]. Hyperliquid’s cumulative year-to-date volume has already surpassed $2 trillion, signaling its emergence as a major player in the derivatives market [5].

Crypto entrepreneur Arthur Hayes, co-founder of BitMEX, has predicted a 126x increase in the price of Hyperliquid’s native token, HYPE, over the next three years. Hayes made the forecast during the WebX 2025 conference in Tokyo, citing the potential for stablecoin expansion to drive annualized fees to $258 billion, up from the current annualized revenue of $1.2 billion [1]. HYPE’s price has already gained nearly 4% in the last 24 hours, trading at $45.64, while open interest and wallet equity have also reached all-time highs. HYPE’s long-to-short ratio on Coinglass has reached a monthly high of 1.20, indicating strong bullish sentiment in the market [3].

Hyperliquid’s growth is not only reflected in trading volume and revenue but also in its competitive positioning within the decentralized perpetual futures market. Redstone’s report highlights that Hyperliquid has captured over 75% of the market share in decentralized perpetual futures, surpassing former leaders like dYdX [1]. The platform now processes up to $30 billion in daily trading volume, nearing Binance’s levels in some trading pairs. As institutional adoption of crypto derivatives continues to rise, Hyperliquid is positioned to maintain its leadership in the decentralized trading space, leveraging both technological innovation and market demand [1].

The recent developments surrounding Hyperliquid, including BitGo’s integration, increased trading volumes, and bullish forecasts, indicate a strengthening ecosystem for decentralized derivatives. With growing TVL, high fees, and a dedicated user base, Hyperliquid is well-positioned to continue its upward trajectory in the evolving DeFi landscape. As the market continues to expand, further infrastructure partnerships and institutional support may further solidify Hyperliquid’s role as a leading decentralized exchange in the derivatives market [1].

Source: [1] Hyperliquid spikes as Arthur Hayes predicts 126x upside (https://cointelegraph.com/news/hyperliquid-hype-spikes-arthur-hayes-predicts-126x-upside) [2] Hyperliquid surpasses Robinhood in monthly trading (https://cryptoslate.com/hyperliquid-surpasses-robinhood-in-monthly-trading-volume-for-the-third-consecutive-month/) [3] Hyperliquid Price Forecast: HYPE rebounds as TVL hits (https://www.mitrade.com/insights/news/live-news/article-3-1069003-20250826) [4] CZ on Hyperliquid (CZ) Price Today, News & Live Chart (https://www.forbes.com/digital-assets/assets/cz-on-hyperliquid-cz/)