Hyperliquid Outperforms Nasdaq and Robinhood in Net Income and Trading Volume

Decentralized derivatives exchange Hyperliquid has emerged as a formidable player in the financial markets, surpassing traditional giants like Nasdaq and Robinhood in both net income and trading volume. With an annualized net income of $1.24 billion as of September 12, Hyperliquid exceeds Nasdaq's $1.12 billion for 2024 by 11%, despite operating with a lean team of just 11 members.

The platform's efficiency is staggering, generating approximately $113 million per employee—a stark contrast to Nasdaq's $123,335.52 per employee across its 9,162-person workforce. This cements Hyperliquid's position as the leader in net income-to-employee ratio globally.

In trading volume, Hyperliquid continues its dominance, posting $420.3 billion in August alone. This marks the fourth consecutive month it has outpaced Robinhood, which reported $227.5 billion in total volume across equities, options, and crypto. Hyperliquid's volume was driven by $398 billion in perpetual contracts and $22.3 billion in spot trading.