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One of the fastest growing decentralized exchanges in crypto is setting new records.
What’s happening:
- Decentralized exchange Hyperliquid has set a new all time record for daily trading volume
By the numbers:
- $22B USD was traded on Hyperliquid’s platform over a 24 hour period
- This broke their previous record of $21B USD in total trading volume, which was just set the previous day
Why it matters:
- Hyperliquid has quickly become one of the fastest growing protocols in all of crypto, scaling up new users rapidly and generating enormous amounts of trading volume on their decentralized exchange
Going deeper:
- Donald Trump’s new Solana based meme coin was one of the biggest catalysts of Hyperliquid’s all time high trading volumes
- Hyperliquid just recently also rolled out staking rewards for the very first time, which has been hugely successful since its initial launch
