Hyperliquid Surpasses Coinbase in Trading Volume as Onchain Markets Expand

Hyperliquid vs Coinbase data show Hyperliquid drawing massive real-time volume and user engagement. Hyperliquid’s 24-hour trading volume has surged above $11.7 billion, reflecting the growth of perp DEXs. Meanwhile, Hyperliquid’s total ecosystem reported nearly $2.9 trillion in 2025 volume and…





