Hyperliquid, a decentralized exchange (DEX) that offers perpetual futures trading, has reached a new record by surpassing $6.2 billion in assets under management.
The milestone comes after a single-day inflow of $395 million on August 13, 2025. Most of the funds came in the form of USDC, totaling about $304 million–as per data from a Dune dashboard. Ethereum also contributed roughly $47.6 million. The large inflow shows strong confidence from traders and investors in the platform.
The platform has grown steadily due to its non-custodial trading model, which allows users to maintain control over their assets. Compared to other DEXs that offer derivatives, Hyperliquid now ranks among the top platforms in terms of liquidity. The large inflows can also improve trade execution by providing more liquidity for contracts.
Hyperliquid’s Astonishing Market Positioning
Market observers suggest several factors may have contributed to the inflow. The platform’s recent updates and integration with USDC have made it easier for users to move funds quickly and efficiently. Stablecoins like USDC provide predictable value, while Ethereum deposits indicate confidence in crypto markets overall.
The platform’s ability to process high trading volumes without slowing down has drawn a diverse user base. Traders seeking secure, self-custody options for futures trading increasingly prefer decentralized platforms like Hyperliquid over traditional exchanges.
Looking forward, competition in the crypto derivatives market is expected to grow. Other platforms will likely aim to attract more traders, which may lead to new innovations in liquidity management and risk controls. At the same time, regulators are paying closer attention to decentralized finance (DeFi), which could shape how platforms operate in the future.
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