Hyperliquid Revenue Surpasses $100M Amid Trading Surge
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BTCCSquare news:
Hyperliquid, a decentralized trading platform, has shattered records with $106 million in August revenue—a 23% monthly increase—fueled by nearly $400 billion in perpetual trading volume. The platform now commands 70% of the decentralized perpetuals market, outpacing rivals like Jupiter and Orderly Network.
Built on its proprietary HyperEVM Layer-1 blockchain, Hyperliquid attracts traders with subsecond execution and lower fees. Institutional adoption is accelerating, evidenced by 21Shares' Hyperliquid ETP launch on the SIX Swiss Exchange. The platform's architecture positions it as a formidable challenger to centralized exchanges.
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