Hyperliquid Hits $3.4B Spot Volume as Arthur Hayes Predicts 126x HYPE Price Surge

• Hyperliquid records $3.4B daily spot volume with $1.5B from Bitcoin trades.
• Arthur Hayes predicts HYPE could surge 126x if Hyperliquid’s annualized fees climb to $258B.
• Open interest hits $15B as Hyperliquid rises to 2nd-largest BTC spot venue.

Hyperliquid has reached a new 24-hour spot volume record of $3.4 billion, driven primarily by increased Bitcoin and Ethereum deposits facilitated through Hyperunit. The decentralized exchange now ranks as the second-largest venue for spot Bitcoin trading across both centralized and decentralized platforms, with $1.5 billion in daily BTC volume alone.

Spot volumes on Hyperliquid reached a new 24h ATH of $3.4B. This was driven largely by growth in BTC and ETH deposits and spot volume, facilitated by @hyperunit.

This makes Hyperliquid the second largest venue to trade spot BTC across both centralized and decentralized…

— Hyperliquid (@HyperliquidX) August 25, 2025

The platform’s native HYPE token gained 3% over the past 24 hours despite the market weakness. However, it remains 9% below its all-time high of $49.75 reached on July 14, 2025. The token’s resilience comes as BitMEX co-founder Arthur Hayes projected a 12…

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