Hyperliquid Reportedly Tops $900 Million Profit in 2025

Forbes-backed Colossus says the Singapore-based crypto derivatives platform has exceeded $4 trillion in cumulative trading volume and holds 37% of the decentralized perpetual futures (crypto derivatives without expiry) market.

HYPE

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Terms & Concepts
  • Decentralized perpetual futures: Crypto derivatives contracts without an expiry date, typically traded on blockchain-based platforms rather than centralized exchanges.
  • Crypto derivatives platform: A trading venue for instruments whose value is linked to cryptocurrencies, such as perpetual futures and other leveraged products.
  • Cumulative trading volume: The total value of trades processed by a platform over time, used as a measure of market activity and scale.