Why Hyperliquid is the Must-Buy Cryptocurrency for 2025

There's always something new and shiny catching the attention of investors in crypto. Technology evolves, narratives shift seemingly overnight, but one thing remains constant: Great products and technology will attract users.

In 2024, one of the most hyped projects embodying these traits launched -- Hyperliquid (HYPE). This protocol challenges the conventional design of decentralized finance (DeFi) by offering a scalable, transparent, and user-friendly trading experience.

Since its token airdrop in late November, Hyperliquid has soared about 650%, rising to become the 19th most valuable cryptocurrency. Yet, even with this impressive growth, there's still substantial upside for investors in 2025. Here's why Hyperliquid is my top cryptocurrency to buy next year.

What makes Hyperliquid so unique?

As of today, Hyperliquid's core offerings are two main products: a perpetual futures (perps) market and a spot trading market.

• Perps are a type of derivatives contract that lets traders speculate on the price of an asset without owning it, often using leverage to amplify returns. Hyperliquid has rapidly become the largest perpetual trading platform in terms of volume, with more than 30% of market share.
• Complementing its perp market, Hyperliquid also offers a spot trading platform where users can buy, sell, and swap cryptocurrencies with minimal price slippage and near-instant execution speeds.

While these offerings are impressive, what sets Hyperliquid apart is its underlying technology and design. Compared to many DeFi protocols on other blockchains, Hyperliquid utilizes its own blockchain, tailored specifically to its use cases, avoiding the bottlenecks of general-purpose chains, such as costly fees and slow speeds.

Its fully on-chain central limit order book (CLOB) helps match orders with tight spreads and low latency without compromising decentralization. Furthermore, Hyperliquid employs its proprietary HyperBFT consensus mechanism, processing 100,000 orders per second, which is on par with leading centralized exchanges.

The impending game changer: HyperEVM

While Hyperliquid has already cemented its place in the crypto landscape, the planned launch of the HyperEVM promises to take the protocol to a whole new level. Currently in its testnet phase, the HyperEVM will enable developers to build decentralized applications (dApps) and smart contracts on Hyperliquid's blockchain using the same tools and programming language as Ethereum.

This compatibility will allow Ethereum developers to migrate their projects seamlessly while introducing a new layer of utility to Hyperliquid.

The road ahead

This past year will likely be remembered as the year Hyperliquid made its grand entrance into the crypto scene. Its airdrop was a defining moment, with the token surging from just over $3 to more than $27 today.

Yet, while it's easy to feel like the opportunity has passed, a closer look reveals that Hyperliquid is just getting started. Its innovative technology, strong product-market fit, and community-focused tokenomics make it one of the most promising projects in the sector. Recent research by crypto analytics firm Messari predicted that if Hyperliquid continues on its current trajectory, its token could eventually reach valuations comparable to popular cryptocurrencies like Solana, Tron, or Avalanche.

If 2024 marked Hyperliquid's arrival, 2025 could very well be the year it cements its place as a leader in the crypto industry.