- Hyperliquid has surpassed $6 billion in AUM, driven by massive USDC and Ethereum inflows, including a record $100 million deposit from Galaxy Digital.
- The platform’s growth has boosted its market share to third globally among derivatives exchanges, while its HYPE token has seen significant gains.
Hyperliquid has set a new benchmark in the decentralized derivatives market, crossing $6 billion in assets under management (AUM) for the first time. The achievement, recorded on August 13, was fueled by substantial inflows of USDC and Ethereum, highlighting the platform’s growing dominance.
hyperliquid update #5 [$47]
• consistently making all time highs in all relevant metrics (% mkt share of all CEXs, Total Open Interest, Total Trading Volumes)
• has been in sideways consolidation for a couple months now in the $30-$50 range, key psychological level & 5x off… pic.twitter.com/n85o24fIr3— Ansem (@blknoiz06) August 13, 2025
Hyperliquid Record-Breaking Deposits Boost Liquidity
According to Dune data, Hyperliquid saw a single-day net inflow of $395 million, with $304 million in USDC deposits and $47.6 million in ETH. The most notable transaction came from Galaxy Digital, which moved $100 million USDC into the exchange — the largest single deposit in Hyperliquid’s history. Half of this amount was quickly funneled into the platform’s spot market, propelling USDC total value locked (TVL) to an all-time high of $5.23 billion.
This surge follows Circle’s integration of native USDC support on Hyperliquid via Cross-Chain Transfer Protocol (CCTP v2), enabling direct transfers of USDC across blockchains without the need for wrapped tokens. The result has been a rapid climb in liquidity, with Hyperliquid now commanding 70% of USDC liquidity on Arbitrum.
Climbing the Global Derivatives Rankings
Hyperliquid’s market share in the derivatives sector reached 22.8% in August, securing third place worldwide. Its decentralized, order-book-driven model offers traders greater asset control than centralized competitors, a factor analysts believe is key to its rise.
In July, DeFi perpetual futures volumes hit a record $465 billion, a 27% weekly increase according to DefiLlama, with Hyperliquid playing a central role. Open interest reached $10.6 billion, reflecting deeper liquidity and heightened trader activity.
HYPE Token Gains Strength
Hyperliquid’s native token, HYPE, has also benefited from the platform’s expansion. In the past 24 hours, HYPE climbed 4.96% and has gained 23.5% over the past week. Record fee revenue of $97.7 million in July — surpassing both Ethereum and Solana — along with strategic buybacks and strong whale participation, have contributed to its upward price movement.
Analysts suggest that increased trading volumes and reduced token supply could help sustain HYPE’s positive trend in the coming months, especially as the platform continues to attract liquidity from stablecoins and major crypto assets.
With its latest milestone, Hyperliquid is solidifying its place as one of the most influential players in the decentralized derivatives market, setting the stage for continued growth and innovation.
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