Record-breaking Active Addresses for HyperEVM: 106K, Total Value Locked (TVL) reaches $2 Billion

In the dynamic world of decentralized finance (DeFi), HyperEVM continues to make waves, navigating market cycles and competitive pressures with resilience. With a total value locked (TVL) of about $1.97 billion, the Ethereum Virtual Machine-compatible network is edging closer to the $2 billion mark.

The figure of active addresses indicates a widening base of users engaging with decentralized applications built on HyperEVM. In a recent week, the network recorded 106,375 weekly active addresses, marking a historical high. This pattern of increased activity reflects developer interest and growing user activity across applications on HyperEVM.

The project's performance reflects a strong fundamental trajectory, providing a base for further expansion in the DeFi space. This trajectory is evident in the continued rise in adoption and TVL, which suggests an underlying demand that could support price resilience in the medium term for the native token of HyperEVM, $HYPE, currently trading around $47.03.

Price stability has been notable for $HYPE, given the volatility in broader crypto markets during recent months. Transaction volumes on HyperEVM have been trending upward since February, further underscoring the network's growing popularity.

HyperEVM's TVL growth can be attributed in part to strategic partnerships. In 2025, the proprietary trading firm Credo Cayman brought capital investments into the HyperEVM DeFi platforms through a strategic partnership with Hyperion DeFi. This partnership involved the use of 100,000 staked HYPE tokens in a revenue-sharing HAUS agreement, significantly contributing to the increase of the TVL in the ecosystem.

Hyperliquid, led by Jeff Yan, has also played a major role in driving TVL growth. Over $1.8 billion is locked in its HyperEVM ecosystem, and it dominates the DeFi derivatives market with $2.2 billion TVL and high daily trading volumes.

The network's continued growth in user addresses and liquidity indicates a move beyond its initial adoption phase and into a period of consolidation and ecosystem maturity. This maturity is evident in the strong performance of key applications like HyperLend, which accounts for $567 million in locked assets within the network, and Morpho, which has secured $521 million within the network. Together, HyperLend and Morpho contribute more than half of the network's total locked value.

The growth in network activity and TVL highlights the competitiveness of HyperEVM within the broader DeFi landscape. Despite challenges from established ecosystems like Ethereum and newer entrants with aggressive incentives, HyperEVM's steady user growth and liquidity base suggest that it has carved out a durable niche in the DeFi landscape.

Record-breaking Active Addresses for HyperEVM: 106K, Total Value Locked (TVL) reaches $2 Billion