Hyperliquid Surpasses Robinhood in Trading Volumes
- Hyperliquid surpasses Robinhood in trading volumes for May and June.
- Data confirms the shift towards decentralized finance platforms.
- Institutional activity is increasing on decentralized exchanges.

Hyperliquid has outpaced Robinhood in trading volume for May and June 2025, reaching $256B and $231B respectively, signaling a shift in the DeFi landscape.
This trend highlights DeFi’s growing maturity and suggests a potential for decentralized exchanges to challenge traditional fintech giants in market share.
Hyperliquid, a decentralized exchange, has outpaced Robinhood in trading volume for May and June, marking a notable shift in the cryptocurrency market landscape. This trend is verified by on-chain analytics and project contributors.
The exchange reported $256 billion in May and $231 billion in June, compared to Robinhood’s $192 billion and $193 billion, respectively. The data, shared by industry analysts, highlights a growing preference for DeFi platforms.
Industry experts suggest this volume surge emphasizes the maturation of decentralized finance. The shift indicates increased trust and efficacy in DeFi exchanges, challenging traditional platforms like Robinhood. Jon Ma, a Crypto Analyst at Artemis, noted, “Hyperliquid’s sustained volume outperformance over Robinhood in May, June, and July is a testament to the growing maturity of DeFi.“
While Robinhood has not publicly challenged these findings, the lack of response in official statements might hint at an internal acknowledgment. The data showcase how legacy trading platforms face growing competition from these decentralized entities.
Hyperliquid’s growing trading volume illuminates a significant market transformation. Such shifts may drive liquidity migration and prompt changes in trading strategies.
Historically, a rise in decentralized exchange volumes has led to increased activity in related tokens and technologies. Insights from past trends suggest the market could see further investment in Layer 1 and Layer 2 assets as DeFi’s role expands.