Hyperliquid Records $2.6T Volume, Leaving Coinbase Behind: Artemis
The outstanding decentralized perpetual futures change, Hyperliquid, has surpassed Coinbase when it comes to buying and selling quantity, in accordance with Artemis. The information revealed that Hyperliquid recorded $2.6 trillion in buying and selling quantity, in contrast with Coinbase’s $1.4 trillion inside the similar timeframe.
This represents almost double the notional quantity of Coinbase.
Hyperliquid vs. Coinbase
Findings shared by Artemis additionally disclosed that the year-to-date value efficiency highlights a stark distinction between the 2 platforms. Hyperliquid has gained 31.7% up to now in 2026, whereas Coinbase has declined by 27.0%. This resulted in a divergence of 58.7% over just some weeks.
Coinbase is among the most established centralized exchanges on this planet, whereas Hyperliquid remains to be an rising decentralized participant within the house. Following the numerous hole in each buying and selling exercise and asset efficiency, Artemis described it as an indication that the market is taking note of the decentralized perpetuals change’s fast development.
Throughout 2025, the platform generated $822 million in revenues. So far this yr alone, it recorded $79.1 million in revenues.
Meanwhile, open curiosity on Hyperliquid, over the previous 24 hours, stood at $4.1 million.
Amid fast development, Ripple announced that its Ripple Prime brokerage platform will now assist Hyperliquid. This would enable institutional shoppers to entry Hyperliquid’s on-chain derivatives whereas cross-margining publicity throughout different property, together with cleared derivatives, OTC swaps, fastened earnings, foreign exchange, and digital property, beneath a single counterparty.
Michael Higgins, worldwide CEO of Ripple Prime, stated the combination merges decentralized finance with conventional prime brokerage, bettering liquidity entry and buying and selling effectivity. The transfer comes as Hyperliquid continues to see billions in day by day volumes, because the platform sees rising affect within the decentralized perpetual futures market.
HYPE Shorting Controversy
Hyperliquid’s reputation has not been with out controversy. In December, the change confirmed {that a} former worker, dismissed in early 2024 for insider buying and selling, was behind giant quick positions in its native HYPE token. On-chain evaluation verified that the pockets accountable executed leveraged shorts totaling over $223,000, together with $180,000 in HYPE at 10x leverage.
The platform reiterated its zero-tolerance coverage for insider buying and selling and stated workers and contractors are prohibited from buying and selling HYPE derivatives.
The submit Hyperliquid Records $2.6T Volume, Leaving Coinbase Behind: Artemis appeared first on CryptoPotato.
