Record-Breaking Expansion for HyperEVM: 106,000 Active Wallets, Total Value Locked Reaches 2 Billion Dollars
In the rapidly evolving world of decentralised finance (DeFi), one network is making waves with its impressive growth and stability. HyperEVM, an EVM-compatible blockchain, has reached a TVL (Total Value Locked) capacity of nearly $2 billion, marking a significant milestone in its journey.
This substantial TVL has caught the attention of institutional investors and long-term players, enhancing HyperEVM's credibility in the market. The network's consistent interest from developers and users, along with regular inflows into DeFi protocols, suggests a solid groundwork for future expansion.
Two of the largest DeFi protocols on HyperEVM, HyperLend and Morpho, have $567 million and $521 million in locked assets respectively. These protocols have played a crucial role in driving the growth of TVL on the network.
The project's local token, $HYPE, is trading around $47.03 as of the mentioned time. Despite recent volatility in the crypto markets, the price of $HYPE has shown remarkable stability, a testament to the network's resilience.
The growth in TVL on HyperEVM suggests strong medium-term price support for $HYPE. If transaction volumes and active addresses maintain their current pace, HyperEVM could establish itself as a significant hub for DeFi activities.
The number of active addresses on HyperEVM has surpassed 106,000 within a week. This surge in user activity, combined with the steady growth in liquidity, indicates that the project is transitioning into a consolidation and ecosystem maturation stage.
Competition is intensifying with established ecosystems like Ethereum and aggressive newcomers, but HyperEVM's sustainable niche is indicated by its consistent user growth and liquidity base. As it approaches a 2 billion dollar TVL milestone and active addresses reach all-time highs, the project appears well-prepared to manage market cycles and competitive pressures.
The active addresses on HyperEVM are expected to continue accelerating throughout 2025, building on the record 106,375 weekly active addresses achieved between September 1 and 7. This reflects growing user engagement and ecosystem strengthening.
With its robust liquidity growth and record user activity, HyperEVM stands among the few networks capable of achieving such a balance. The crypto market sentiment remains cautious, but HyperEVM's performance signals a strong foundation for future growth.
