Hyperliquid reported significant growth in 2025, with its ecosystem reaching over 1.4 million users and a total value locked (TVL) of $6 billion. Key developments included the launch of HyperEVM, the opening of the validator mechanism, native USDC integration, and the introduction of HIP-3. The platform's highest single-day trading volume hit $32 billion, while open interest reached $16 billion, and daily protocol revenue was $20 million. The company highlighted that it achieved these milestones without external financing, with all protocol fees benefiting the community. Hyperliquid remains committed to developing a fair and permissionless crypto-financial system.