Whales, Institutions, and Stablecoin Flows Fuel Hyperliquid’s Explosive Growth

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Spot trading on Hyperliquid hit a new 24-hour all-time high (ATH) of $3.4B, powered by rising BTC and ETH deposits. Activity from @hyperunit traders played a key role, pushing volumes across the board.  https://twitter.com/HyperliquidX/status/1959874702056567022?t=ps7VFlmCvImUSRNiX2Jh3A&s=19 This milestone makes Hyperliquid the second-largest venue for spot BTC trading across centralized and decentralized exchanges, clocking $1.5B in BTC spot volume alone. Onchain Overview: Aug 18–Aug 24, 2025 Crypto markets stayed active last week, with total DEX trading volume posting a slight weekly increase. But Hyperliquid’s growth was the real headline, according to Lookonchain. Stablecoin holdings on Hyperliquid grew by $256M Spot trading volume surged

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