📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Hyperliquid L1 TVL Grew Around 411% YTD, Can It Beat Lido & EigenLayer?
From the beginning of this year till July 2025 closing the wider crypto market has shown hundreds of bullish signals in terms of price surge, total crypto users surge, and even the TVL (total value locked) over major blockchains has peaked to levels never before
According to the data from DeFiLlama on January 01, 2025, the TVL of Hyperliquid L1 was $403.38 million, and each month it continued an uptick, and by March 31, 2025, the TVL reached $329.88 million, and by August 01, 2025, the TVL had reached $2.062 billion
Source: DeFiLlama
Between January 01, 2025, and August 01, 2025, a massive surge of 412% has been recorded in TVL, yet a major portion of TVL is contributed by Kenetiq, a liquid staking, followed by a Hyperliquid with a TVL of $594.52 million, and Morpho, a lending service on Hyperliquid L1, adds $439.16 million.
However in terms of TVL growth monthly the list is ruled by D2 Finance which reached an TVL of $5.26 million with an increase of 201% in a month, in the same frame the TVL of Gauntlet on Hyperliquid L1 grew by 131% reaching $8.98 million, Hyperbeat the known yield aggregator has reached a TVL of $283.6 million with an increase of 103%.
Hyperliquid L1’s TVL to compete with Lido and EigenLayer
As of writing, the total value locked on Lido is $32.769 billion, far above the TVL of Hyperliquid L1. The data from DeFiLlama notes that the TVL growth from January 01, 2025, to August 01, 2025, is 2.9% and seems to be tumbling in the bracket below $35 billion
In the same period of 7 months, the total value locked on Eigenlayer grew by 18.18% reaching $17.429 billion from $14.08 billion. The market capitalization is $356.87 million, and its annual fees are $75.16 million
The growth of TVL of Hyperliquid L1 is much faster in the same duration of seven months, raising arguments that it will soon compete with Lido and EigenLayer in terms of total value locked
Despite massive growth in TVL, the stablecoin market capitalization of Hyperliquid L1 has continued to fall and was reported at $5.265 billion on June 23, 2025, and when writing, it was $4.67 billion
On the other hand, the DEX’s volume of Hyper L1 has peaked, and in the past 24 hours, it was $443.33 million, and perps volume in the same time frame is $9.459 billion
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