Loading Ratings...
Just before crypto markets flipped, Hyperliquid posted its record biggest 24-hour spot volume ever: $3.4 billion.
Author: Sahil Thakur
Published On: Tue, 26 Aug 2025 02:28:18 GMT
Just before crypto markets flipped, Hyperliquid posted its record biggest 24-hour spot volume ever: $3.4 billion.
The decentralized exchange briefly overtook major players like Coinbase and Bybit in Bitcoin spot trading, clocking $1.5 billion in BTC volume alone on August 25. That made it second only to Binance globally. The timing? Right before whales dumped BTC and rotated into Ethereum, moves that Hyperliquid itself helped facilitate.
Hyperliquid didn’t just ride volatility. It became the epicenter of it.
The volume surge was powered by Hyperunit, a high-speed trade routing layer within Hyperliquid’s custom Layer-1 chain. It enabled:
These trades flowed through Hyperunit, directly boosting spot and perpetual volumes. Combined with $256M in stablecoin inflows, the liquidity spike created ideal conditions for whales to move size.
On August 25:
As whales rotated assets and markets reacted, Bitcoin dropped from $114K to $112K in a flash crash. ETH also fell, but the high-volume action had already pushed Hyperliquid into new territory.
For the week of Aug 18–24, Hyperliquid:
Hyperliquid’s native token $HYPE climbed to $46, backed by:
Traders on X highlighted HYPE’s surge and undervaluation, with multiple accounts noting it hit all-time highs in both trading volume and token metrics. The token later dropped to $42.7.
Hyperliquid’s gas-free model, on-chain order book, and institutional-grade speed are pulling liquidity from centralized exchanges. That’s not just narrative, it’s happening in real volume.
But there are risks:
Still, if whales keep moving, Hyperliquid is proving it’s where they go to play.
Loading chart...
Real voices. Real reactions.
@HyperliquidX @Kaffchad @hyperunit Impressive milestone volume growth shows traction, but sustainability will be the real test.
@HyperliquidX @hyperunit This is proof that when the community rallies round a product/project great and unimaginable things can be easily achieved.
@HyperliquidX @hyperunit Hyperliquid is proving that DEX liquidity can rival CEXs. $3.4B spot in 24h and $1.5B in BTC alone is a signal that traders are moving where execution and trust align. The line between CEX and DEX dominance is getting thinner by the day.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
