[Hyperliquid's Total Revenue in 2025 Estimated at $843 Million, Over 600,000 New Users] According to ASXN's 2025 annual review data, Hyperliquid's total trading volume in 2025 reached $2.95 trillion, with an average daily trading volume of approximately $8.34 billion and a total of 198.9 billion transactions. The number of new users was approximately 609,700. The platform's total revenue for the year was approximately $843 million, with total expenses around $908 million. Among this, perpetual contract revenue reached $808 million, while spot revenue was approximately $35.25 million. The net inflow for the year was $3.87 billion, with spot trading volume reaching $116.8 billion and HIP-3 trading volume totaling $11.01 billion.