Hyperliquid marked a breakout year in 2025, onboarding over 609,700 new users as the decentralized exchange continues gaining traction. The platform's momentum is reflected across key metrics: cumulative trading volume surged to $2.95 trillion, while revenue generation hit $844 million. Net inflows reached $3.87 billion—a strong signal of user confidence—with total value locked climbing to $4.15 billion. These figures underscore the growing appetite for decentralized trading infrastructure. The combination of user expansion and capital influx suggests that DEX adoption is shifting from early adopters to mainstream participation. Whether this trajectory holds depends on sustained product innovation and competitive positioning within an increasingly crowded exchange landscape.