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2024 in Review: Hyperliquid’s Meteoric Rise
Hyperliquid, which began 2024 as a relatively unknown decentralized perpetual futures exchange (perp dex), has transformed into one of the leading hubs in decentralized finance by the year’s end. Here’s a summary of its remarkable journey:
- Growth and Community: Hyperliquid evolved from obscurity to manage billions in daily trading volume. This growth was fueled by a vibrant community of builders, traders, and supporters. Without any external funding, Hyperliquid returned all trading fees to its community, reinforcing its ethos of inclusivity and shared success.
- Philosophy and Innovation: The platform’s success is rooted in its commitment to the core values of cryptocurrency—promoting fairness and challenging centralized, predatory financial practices. This ethos has attracted a diverse group of developers and users, further expanding its ecosystem.
- Ecosystem Expansion: Throughout 2024, Hyperliquid saw the development of numerous projects built on its platform. Notable mentions include HypurrFun for memecoin launches and trading, Pvp.trade for clan-based trading via Telegram, and HypurrScan for blockchain analytics. Native launches like VAPOR and FARM also highlighted the platform’s growing influence.
- Looking Forward: As 2025 begins, Hyperliquid anticipates even more growth, with plans to further integrate builders and users into a flourishing financial ecosystem.
This review not only celebrates Hyperliquid’s past achievements but also sets the stage for its future endeavors in reshaping decentralized finance.
Source: HyperFND