Hyperliquid has officially cemented its status as the premier on-chain money printer, ramping up its cumulative takings to $1.15 billion, confidently outpacing revenue generation veterans like Solana and Ethereum. According to Token Terminal and Bitwise, the platform's annual revenue hovers around $800–900 million, making the native token HYPE—99% of the fees from which are used for market buybacks—an ultra-scarce asset amid the launch of U.S. spot ETFs ($THYP).
Within the DeFi sector, this derivative super-app is rapidly transforming into the crypto equivalent of the CME exchange, raking in billion-dollar revenues with just 11 staff members.
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