Jump Trading's Hyperliquid Volume Nears $150 Billion

Jump Trading's trading volume on Hyperliquid has approached $150 billion since its first deposit in December 2025, making it responsible for nearly 8% of perpetual futures activity overall.

The firm's cumulative trading volume was mapped by Hanson Birringer, co-founder of Hyperdash. Jump operates one master account alongside 16 subaccounts, with its trading now representing almost 8% of all perpetual futures volume on Hyperliquid and 19% of volume in xyz markets.

In July, Jump's share rose to almost 18% of total exchange volume and 29% of xyz volume. The firm initially tested the platform in December, trading $153 million across BTC, SOL, and HYPE before funding its master account and creating sub-accounts.

Jump's strategy is primarily driven by taker volume, with maker volume accounting 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.