Hyperliquid announces its 2024 achievements, reaching a Total Value Locked (TVL) of $2.1 billion.

In 2024, Hyperliquid recorded notable achievements, including hitting $15 billion in daily trading volume and expanding its user base significantly to 300,000. According to the Hyper Foundation, these successes are attributed to recent updates like HyperBFT consensus, HIP token standards, and staking features. The platform experienced a significant surge in trading activity during the year, with its 24-hour ATH volume increasing from $1 billion to $15 billion. This growth was accompanied by an increase in open interest from $178 million to $4.3 billion and total value locked (TVL) from $56 million to $2.1 billion. User base expanded ninefold, rising from 31,000 to 300,000 users. Hyperliquid supported 158 perpetual trading pairs and 128 native spot assets, generating over $3.5 million daily in trading fees and spot auctions. This success was facilitated by staking mechanisms and token standards, including HIP-1 and HIP-2, enhancing platform efficiency. Throughout the year, Hyperliquid introduced new features and integrations, collaborating with third-party platforms like Synapse, deBridge, and DEX Screener to improve interoperability. Notable projects launched include HypurrScan for blockchain data analysis and HypurrFun, a meme coin trading and creation platform. Community initiatives such as Hyperliquid KR and HyperActive contributed to regional growth and outreach. Hyper Foundation noted that all these achievements were accomplished without external funding, with all trading fees directed back to the community.