Hyperliquid sets new asset inflows record as BTC price reaches new all-time high

Hyperliquid immediately reacted to one of the notable days of trading in 2025 when BTC price broke to a new all-time high. The perpetual futures DEX saw rapid inflows of deposits, carrying over $6B in value for the first time in history. 

The assets deposited to Hyperliquid reached a new peak, coinciding with the new price record for BTC above $124,000. Total value on the exchange peaked above $6B for the first time in history. Within a day, the exchange added $395M in new deposits to open positions or post additional collateral. 

As of August 13, Hyperliquid also set a record on its total value locked for USDC deposits, with over $5.7B in liquidity posted as collateral. The DEX remains a venue for high-profile whales, as Cryptopolitan reported earlier this week. The platform still expects the launch of native USDC, though for now dealing with bridged tokens. 

The exchange retained open interest above $12.7B, recovering from a recent slump. Hyperliquid retained its heightened activity, adding 11% to its total volumes. Daily trading expanded to over $21B, with ETH-USD becoming the most active pair, surpassing the BTC market. 

Most of the Hyperliquid growth was centered around blue-chip tokens, but the last few weeks saw strong inflows from ETH traders. The DEX remains one of the key venues, with volumes competing with Binance’s spot market. 

During the latest highly active weeks, Hyperliquid reached total volumes above $151B, competing with $263.9B on the Binance spot market. The DEX turned into a staple for high-risk trades, getting a boost from the clear market direction. 

HYPE breaks out to a three-month high

HYPE, the native DEX token, expanded to its highest point for the past three months. HYPE continues to track the expansion of the crypto market. 

HYPE peaked at $48.82, later sinking to $46. The token is expected to regain the $50 range and continue to triple-digit prices. Along with HYPE, the entire Hyperliquid ecosystem of tokens expanded, with most of the leading memes in the green. PURR established itself around $0.18, adding over 21% in the past three months, though still down from its recent peaks. 

As of August 14, 138 whales on the DEX are long on the token, with just 92 whales taking a short position, most posting unrealized losses. HYPE remains a proxy for the overall market direction, in addition to the general incentive to hold the token. 

Hyperliquid fees reach new peak for 2025

Hyperliquid remains a consistent fee producer, further growing its appeal among HYPE holders. The exchange posted a new fee record for 2025, with daily earnings at over $5.8M. 

Hyperliquid broke its own record just a day after posting the previous record fees of $5.5M for the day. 

The Hyperliquid chain currently produces more fees than all other chains combined, becoming one of the few cases of a network with a single use case to outperform other L1s. Based on Artemis data, Hyperliquid is currently in the lead, while previously standing within the top 5 of fee-producing chains. 

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