Hyperliquid Touts 2025 Surge and Assistance Fund Burn as Traders Track HYPE Unlocks

Overview

• Hyperliquid reported peaks of 1.4 million users, $32 billion in 24-hour volume, $16 billion in open interest, $6 billion in TVL, and roughly $20 million in peak daily revenue during 2025.
• The team said growth was self-funded with protocol fees returned to users, as HyperEVM, HyperCore precompiles/CoreWriter, native USDC, HIP-3 permissionless perps, USDH markets, and portfolio margin pre‑alpha drove adoption.
• The project confirmed Assistance Fund HYPE tokens were treated as burned, a step it says reduces circulating supply and follows governance actions finalized late last year.
• On-chain trackers flagged a cluster of HYPE events with about $4.4 million, $5.4 million, and $11.7 million set to unlock plus a separate $6.3 million withdrawal, with roughly $81 million still staked and unqueued.
• Front Runners cautioned that unstaking is not a sell guarantee, while fresh data showed Hyperliquid leading peers with roughly $7 billion in 24-hour volume, $8.79 billion in open interest, and $4.17 billion in TVL.