Hyperliquid Reaches New Heights: $400 Billion Volume, $106 Million Revenue Dominates DeFi

Hyperliquid achieved a record-breaking month in August, reporting $106 million in revenue, an impressive 23% jump from July. This surge was fueled by a significant increase in perpetual contract trading volumes, nearing $400 billion. The platform now dominates decentralized perpetuals, holding a commanding 70% market share against competitors like Jupiter and Orderly Network, as revealed by The Block data. Hyperliquid’s success stems from its innovative HyperEVM Layer-1 architecture, recognized for its speed and low-cost execution, which has attracted traders away from centralized exchanges.