Hyperliquid HyperEVM sets daily record with $500K revenue

Hyperliquid’s HyperEVM set a new daily record on 23 August: daily revenue climbed above $500.000 for the first time. The peak coincides with a strong resurgence in meme trading on the network. At the same time, the number of active trading addresses on the decentralised exchange reached its highest level since September last year.

Hyperliquid is available at Bitvavo and OKX.

In brief:

• HyperEVM’s daily revenue reached a new record of more than $500.000 on 23 August.
• The number of active trading addresses on the HyperEVM DEX rose to 25,500, the highest point in nearly a year.
• Trading volume and the number of transactions also showed significant increases.

Record revenue driven by wave of meme trading

According to data from the Wu Blockchain Data Center, daily revenue on the HyperEVM network reached more than $500.000 on 23 August. That is an absolute daily record for the network. The resurgence is linked to increasing activity around memecoins, with more and more traders turning to Hyperliquid’s decentralised exchange.

Hyperliquid’s HYPE token is currently trading at $81.65, up 4.8% over the past 24 hours. That reflects the growing enthusiasm surrounding the platform.

Trading addresses at highest point in nearly a year

On the same day, the HyperEVM DEX recorded 25,500 active trading addresses, the highest number since September 2025. As can also be seen in the chart above, this is a clear peak compared with recent months, during which the number of trading addresses regularly stayed below 10,000.

In addition to revenue and the number of addresses, total trading volume and the number of executed transactions also rose. The simultaneous increase on multiple fronts points to a broad rise in activity on the network, not only from existing users but also from new participants.

Memecoins drive activity on DeFi platforms

The resurgence on HyperEVM fits into a broader trend in which memecoins drive activity on DeFi platforms. When speculative interest in memecoins increases, traders often turn to decentralised platforms where new tokens can be traded quickly.

Whether activity remains at this level largely depends on how long the current wave of meme trading lasts. Historically, such peaks are often short-lived, but the record figures show that Hyperliquid has now established a serious position within the DeFi landscape.