Hyperliquid Monthly Active Addresses Reach 291,900
As of September 18, 2026, the number of monthly active addresses on Hyperliquid has reached 291,900, setting a new historical high, significantly up from 225,000 in July. From August to September, the number of active addresses showed a clear accelerating upward trend. The user growth indicates that the adoption rate of this perpetual contract DEX is increasing, but the key risk lies in whether this growth can be converted into sustained trading volume and revenue, or if it may fade with changes in market cycles.
-- Price
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