Jump Trading\u2019s cumulative trading volume on Hyperliquid has nearly reached $150 billion since the firm made its first deposit on December 12, 2025, according to Hyperdash co-founder Hanson Birringer, who mapped the firm\u2019s entire activity on the exchange.<\/p>\n
Jump operates one master account alongside 16 subaccounts, and its trading now represents almost 8% of all perpetual futures volume on Hyperliquid and 19% of volume in xyz markets.<\/p>\n
In July alone, its share rose<\/a> to almost 18% of total exchange volume and 29% of xyz volume. Jump initially spent about a week testing the platform in December, during which it traded $153 million across BTC, SOL, and HYPE, before funding its master account and starting the sub-process creation.<\/p>\n Each wallet has a specific role, including separate accounts for crude oil, Brent, natural gas, and each new stock listing, while a larger book handles the S&P 500, XYZ100, SK Hynix, silver, gold, and memory-related names. The firm\u2019s strategy is primarily driven by taker volume, as maker volume accounts for only 11% to 35% of fills across its activity. According to Birringer, this appears to be a hedging or arbitrage book paired with other venues to capture differences in spreads and funding rates.<\/p>\n Jump\u2019s current book is long $32 million of Brent and $16 million of CL, while holding shorts in gold, silver, MU, NVDA, DRAM, SK Hynix, XYZ100, and megacap names. The positions total $145 million in notional against $63.6 million in account value. By individual market, the trading firm accounts for 38% of DRAM volume, 36% of NATGAS, 33% of Brent, 32% of SP500, 26% of XYZ100, and 16% of CL, compared with 2.6% of BTC volume.<\/p>\n Between April and August, the master account also increased its use of Hyperliquid\u2019s gossip priority feature and paid 966 HYPE, mostly in May, before stopping. Jump has paid about $7 million in fees to the exchange so far, while generating only a few hundred thousand dollars of PNL, further supporting the view that its Hyperliquid activity is one part of a multi-venue market-making operation.<\/p>\n Its roughly $65 million of USDC margin on the exchange is also generating an additional $1.8 million in annual revenue for Hyperliquid through the recent AQAV2 fee accrual.<\/p>\n HYPE hit<\/a> an all-time high of $89.60 on September 6 and has remained close to that level three days later. The latest price rise came as new data revealed institutional holdings across three HYPE funds: the Bitwise Hyperliquid ETF, 21Shares Hyperliquid ETF, and Grayscale Hyperliquid Staking ETF. Bloomberg Intelligence ETF analyst James Seyffart recently said<\/a> second-quarter 13F filings showed 30 investment managers holding a total of around $75 million in the funds.<\/p>\n Wealth High Governance Asset Management had the largest position at nearly $24 million, followed by OLP Capital Management at $10.5 million. UBS held $7.5 million, Bank of Montreal had about $6.7 million, and Jane Street Group held roughly $4.4 million. Other reported holders included Discovery Capital, Brevan Howard, Flow Traders, Virtu Financial, and HighTower Advisors.<\/p>\n Last month, Trump said<\/a> Commodity Futures Trading Commission Chair Michael Selig was working to bring the perpetuals-focused trading platform into the US in a \u201cfully compliant and legal fashion,\u201d which added to expectations around its expansion into the country.<\/p>\n The post Jump\u2019s Hyperliquid Footprint Explodes as Trading Volume Nears $150 Billion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Jump Trading\u2019s cumulative trading volume on Hyperliquid has nearly reached $150 billion since the firm made its first deposit on December 12, 2025, according to Hyperdash co-founder Hanson Birringer, who mapped the firm\u2019s entire activity on the exchange. Jump operates one master account alongside 16 subaccounts, and its trading now represents almost 8% of all […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-225255","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225255"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225255"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225255\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Institutional Exposure<\/h2>\n