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Hyperliquid's monthly active addresses hit a new all-time high.

58 minutes ago

As of September 18, 2026, Hyperliquid’s monthly active addresses reached 291,900, a new all-time high, marking a sharp increase from roughly 225,000 in July. After prior fluctuations, active addresses showed a clear accelerating upward trend between August and September. Robust user growth indicates rising adoption for this perpetual contract decentralized exchange (DEX). The key risk lies in whether this growth can translate into sustained trading volume and revenue, or if it will fade as market cycles change.

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