Hyperliquid Hits $3.4B in 24-Hour Spot Volume, Becomes Top BTC Venue

The Hyperliquid hyper-liquidity Cluster also breaking a big milestone as it executed 24-hour spot volume of $3.4 billion. Of this, spot Bitcoin (BTC) trading was $1.5 billion by itself, which means Hyperliquid is the second-largest venue to make a spot BTC trade across all of the centralized and decentralized exchanges. The rally underscores the emergence of the platform to a leading position in the DeFi arena and an increased trader confidence.

Whale Deposits Fuel trading increase

They have prompted this record-breaking activity in large amounts of BTC, stablecoins and ETH. On August 19, 2025, a whale moved 2.34m USDC to Hyperliquid, indicating good market voter turnout. This influx of funds into the market accompanied by fluctuating market conditions inflated the market volume by traders who wanted to cash in on price fluctuation.

Technical advantage: Gas-free L1 Blockchain

Hyperliquid runs on a bespoke Layer-1 blockchain that is fast and scalable. It removes the gas charges, and it supports a fully on-chain order book, which enhances seamless, low-cost transactions. The main USP is that it is able to run Ethereum-compatible smart contracts and benefit from the performance of Hyperliquid. It is clear that it will be a unique player in the DEX landscape.

The increase in the volume is accompanied by the reduction in price of Bitcoin to 112,174 dollars on August 24, 2025, after a whale sold 2 billion dollars. Traders used Hyperliquid to trade during volatility because of the efficient infrastructure. CoinGecko state the 24-hour volume of DeFi at over 10 billion USD, with over 3 billion of that driven by Hyperliquid, despite an overall market downturn.

Future Outlook and Industry Impact

The achievement by Hyperliquid is an indication of a general trend away from low-performance blockchains to DeFi. Although high volumes indicate increased trust, the dependence on being plugged into BTC and ETH market activity can cause the platform to be at risk should the market suffer sustained dips. Still, its gas-free trading and its scalability remain an indication that it will grow.