Hyperliquid Hits $3.4B Daily Volume as Bitcoin Trades Top $1.5B, Becomes No.2 Spot BTC Exchange

COINOTAG News reported on August 25 that, according to official sources, Hyperliquid reached an all-time high with a 24-hour spot trading volume of $3.4 billion. The surge was attributed to the Unit’s targeted program to expand BTC and ETH deposits and on-chain liquidity, materially boosting daily flows. Notably, Hyperliquid recorded a single-day $1.5 billion BTC trading volume, positioning the platform as the second-largest venue for spot Bitcoin trading across centralized and decentralized exchanges. Market participants and institutional reporting indicate this development has meaningful implications for competitive market share and execution depth within the spot crypto market.