Hyperliquid Surpasses Circle in 24-Hour Revenue, Revolutionizing DeFi Trading

A major shift is underway in the DeFi sector as Hyperliquid has dethroned Circle to become the new revenue leader within just 24 hours. This marks a significant change in user preference and trading dynamics, particularly affecting Solana’s volumes. Hyperliquid, known for its high-performance decentralized exchange focused on perpetual futures, has seen its market dominance grow rapidly. Its native asset, HYPE, has climbed to the top 15 cryptocurrencies by market capitalization. This rise has triggered a ripple effect throughout the financial markets, influencing trading volume and affecting other major platforms like Solana.