Hyperliquid Breaks New Records, Hits $100 Million+ in August Revenue

DeFi platform Hyperliquid has achieved a new record milestone, exceeding $100 million in revenue for the month of August. This marks an all-time high for the platform, reaching an annualized revenue of $1.25 billion as it continues to dominate the DeFi perpetual futures market. The company’s success is attributed to strong trading activity and its successful token buyback program, which has reduced supply and driven up the HYPE token price.