Hyperliquid, a decentralized exchange and layer-1 blockchain, achieved new all-time highs in 24-hour volume, open interest, and daily protocol revenue. The platform experienced $21 billion in daily trading volume and reached an open interest of $4.7 billion on January 20. It generated $9.5 million in daily fees, ranking fourth among the highest revenue-generating protocols. These achievements were driven by the trading of meme coins tied to incoming U.S. President Donald Trump, including TRUMP and MELANIA tokens. Hyperliquid's perpetual DEX allowed investors to speculate on these meme coins and capitalize on their gains. Since its launch in November 2024, Hyperliquid has gained recognition and airdropped over $1 billion to early users.



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