Grayscale: Hyperliquid's trading volume is expected to reach $2.9 trillion by 2025

According to Grayscale Research, the decentralized trading platform Hyperliquid is expected to handle approximately $2.9 trillion in perpetual contract trading volume by 2025, with a current open interest contract size of approximately $7 billion. The report states that Hyperliquid provides a near centralized exchange experience through an on chain order book architecture, while retaining on chain transparency and user self hosting features. By 2025, the platform's revenue will be approximately $800 million, accounting for about 2% of the global cryptocurrency perpetual contract market revenue.