Hyperliquid Shatters Records: Explodes to 1.4 Million Users in 2025

Forget gradual adoption—this is a full-scale invasion. Hyperliquid just detonated the growth charts, hitting a user base that makes traditional finance platforms look like they're moving in slow motion.

The Numbers Don't Lie

Let's talk scale. Hitting 1.4 million users isn't just a milestone; it's a statement. It's the kind of traction that turns skeptics into believers and forces the old guard to pay attention. This isn't niche anymore—it's mainstream momentum, captured in a single, staggering figure.

What's Fueling the Frenzy?

Speed. Efficiency. A user experience that doesn't feel like financial archaeology. While legacy systems are bogged down in paperwork and prehistoric settlement times, platforms built for the digital age are cutting through the noise. They're bypassing gatekeepers and delivering what users actually want: control without the crippling friction.

The Bigger Picture

This surge is more than just a win for one protocol. It's a referendum on the entire legacy financial model—a system that still thinks a three-day settlement window is 'efficient' and charges you a fee for the privilege of accessing your own money. The migration is on, and the numbers are starting to tell the real story.

One platform's record growth is a warning shot for an industry that's been overcharging and under-delivering for decades. The users, it seems, are voting with their wallets—and they're choosing the exit.

HYPE Token Burns Reduce Circulating Supply

Most of the growth for Hyperliquid occurred after the release of HyperEVM. The upgrade allowed developers to interact with HyperCore through precompiles and CoreWriter. The staking function was refactored to interact with the use of the platform. It provided discounts for participants who used the platform and deployment rights for developers.

Additional product launches included “permissionless perpetual markets” via HIP 3, “pre-alpha portfolio margin,” and “USDH governance markets.” HYPE tokens donated to the assistance fund were also burned, reducing the number of tokens in circulation. 

Although it has grown strongly, there are already concerns about large HYPE holders. Analyst indicates several accounts are ready to unlock their tokens over several days, including $4.4 million, $5.4 million, and $11.7 million in initial unlocks. A related account has already withdrawn $6.3 million, but about $81 million remains staked but not queued.

However, some players in the market see these unlocks as possible selling signals. But according to the crypto intelligence firm Front Runners, this should not be the case. They argued that unlockings do not always mean selling, especially if market liquidity is still high.

Hyperliquid Price Outlook

HYPE recently had a strong bounce from $22.50 and is now moving in to test the $28.50 resistance level. It may break this level and MOVE to $35.80. But in case of rejection from this level, it may fall back to test the previous support levels.

Hyperliquid’s 2025 growth narrative illustrates the attractiveness of decentralized platforms that center on infrastructure development and reward-oriented community building. With HYPE embarking on 2026, the focus is now on HYPE’s developing infrastructure, the impact on the token, and future adoption patterns.