Hyperliquid’s monthly active addresses hit all-time high of ~291,900

Hyperliquid just posted its highest monthly active address count ever, with roughly 292,000 active perpetual traders on the platform. That number edges past the previous record and cements the protocol’s position as one of the most heavily trafficked decentralized exchanges in crypto. The numbers behind the climb The fresh all-time high of approximately 291,500 to 291,900 active perpetual traders represents a meaningful jump from June’s previous record of 258,123. That’s roughly a 13% increase in just two months. Earlier in the year, Hyperliquid was already turning heads with around 230,000 active traders in March. So the platform has added more than 60,000 active traders over roughly five months. Broader platform metrics paint an even larger picture. Token Terminal data puts Hyperliquid’s monthly active addresses in the range of 470,000 to 480,000 when counting all users, not just perpetual futures traders. The distinction matters: Hyperliquid’s ecosystem extends beyond perps, but the perps desk is clearly the main attraction, accounting for well over half of all active addresses. What’s driving the growth Two factors stand out. The first is Hyperliquid’s expansion into real-world...