Trump Meme Coin Surge Pushes Hyperliquid Metrics to New All-Time Highs  

• Hyperliquid’s trading volume surged to $21 billion amid market interest in Trump meme coins.  
• The platform generated $9.5 million in daily revenue, ranking among the top five highest-earning protocols.  
• Hyperliquid’s open interest reached $4.7 billion, fueled by leveraged trading on Trump-inspired assets.  

Hyperliquid, a decentralized exchange built on its own Layer-1 blockchain, achieved historic metrics in the wake of a surge in trading activity tied to Donald Trump-themed meme coins. The platform saw a record 24-hour trading volume of $21 billion, setting a new milestone. The rapid trading activity also pushed its open interest to $4.7 billion on January 20, alongside generating $9.5 million in daily protocol revenue.  

These achievements positioned Hyperliquid among the top five highest revenue-generating blockchain protocols, alongside Ethereum, Solana, and Tether. Despite being a newer player, the platform’s daily revenue placed it close to its well-established peers.  

Trump Meme Coins Drive On-Chain Activity  

The trading frenzy followed the release of two meme coins endorsed by President Donald Trump and the Trump family. Official Trump and Melania Meme coins saw immense on-chain interest, collectively reaching a fully diluted valuation of $70 billion at their peak. Although market corrections brought the valuation down to $50 billion, the coins sparked a wave of speculative trading.  

Hyperliquid capitalized on this momentum, enabling leveraged positions for traders seeking to profit from the volatile price movements. The perpetual DEX, which launched in November 2024, has quickly gained traction as a key player in the decentralized finance ecosystem.  

Early Success for a New Entrant  

In addition to its record-breaking performance, Hyperliquid has made strategic moves to solidify its position in the market. The platform airdropped over $1 billion in tokens to early users and staked 300 million tokens with 16 validators to ensure network stability. These initiatives have contributed to the platform’s rapid growth and increased adoption among on-chain traders.  

Hyperliquid’s innovative approach, combined with its capacity to handle large volumes of activity, underscores its growing relevance in the blockchain ecosystem. As trading activity around meme coins continues, Hyperliquid is expected to remain a significant player in facilitating decentralized finance.