Hyperliquid Outpaces Robinhood in Monthly Trading Volume for Third Straight Month

Decentralized finance just scored another win against legacy brokers.

Hyperliquid—a rising star in crypto perpetual swaps—has now eclipsed Robinhood's trading volume three months running. No fluke, no hype cycle—just traders voting with their wallets.

Wall Street's favorite 'democratized' brokerage? Left eating algorithmic dust.

The numbers don't lie: retail's abandoning commission-free gimmicks for real market depth. Robinhood's UI might sparkle, but liquidity always wins.

Here's the kicker—this isn't even Hyperliquid's final form. Mainstream adoption hasn't begun.

Meanwhile, traditional finance keeps pretending 24/7 markets don't exist. Your move, suits.

Maximum efficiency

The consistent outperformance positions Hyperliquid among dominant forces in crypto derivatives trading despite minimal staffing requirements.

CEO Jeff Yan confirmed that the exchange operates with just 11 Core contributors, generating annualized revenue of $1.167 billion based on DefiLlama estimates as of Aug. 20.

The platform achieved $106 million in revenue per employee on Aug. 20, surpassing technology giants and previous record holder Tether Limited at $93 million per employee.

Data gathered by Hyperliquid France places OnlyFans third at $37.6 million, while established tech companies trail considerably with Nvidia at $3.6 million, Apple at $2.4 million, and Meta at $2.2 million per employee.

The trading volume dominance occurs amid institutional adoption of crypto derivatives products, with Hyperliquid capturing market share from centralized exchanges and traditional trading platforms.

Hyperliquid’s consistent volume leadership over Robinhood demonstrates the competitiveness of decentralized finance protocols against established financial technology companies.

This difference is particularly true in crypto-native trading products, where traditional platforms face regulatory and operational constraints limiting their market reach.