Hyperliquid's annual revenue reached 820 million USD, ranking fourth in global perpetual contract trading volume

According to a report by btc-42">Bitcoin Suisse, Hyperliquid recorded an annual revenue of $820 million in the past year, ranking fourth in global perpetual contract trading volume, becoming one of the few decentralized platforms that can compete with centralized exchanges. In the field of decentralized perpetual contracts, Hyperliquid held a 41% share of open interest and over 30% of total trading volume in 2025.

Additionally, the platform launched over 120 new markets linked to RWA in less than six months, covering off-chain instruments such as tokenized stocks and commodities, averaging about five new markets launched each week. Bitcoin Suisse pointed out that Hyperliquid's order book design and native blockchain architecture are its key differentiating advantages, and the introduction of HyperEVM along with a capital-efficient trading mechanism will support its further expansion, setting a new benchmark for decentralized trading platforms.