TLDR
- Hyperliquid achieved its highest-ever monthly revenue of $106 million in August.
- The platform experienced a 23% increase in revenue compared to July’s $86.6 million.
- Nearly $400 billion in perpetual trading volume contributed to the revenue surge.
- Hyperliquid’s Assistance Fund has increased its HYPE holdings to 29.8 million tokens.
- The platform surpassed $2 trillion in cumulative trading volume since its launch.
Hyperliquid achieved its highest-ever monthly revenue in August, following a surge in its HYPE token price. The platform posted $106 million in revenue, up 23% from July’s $86.6 million. This surge was driven by nearly $400 billion in perpetual trading volume.
Hyperliquid Hits Record Monthly Revenue
According to DefiLlama data, Hyperliquid’s monthly revenue soared to $106 million in August. This marked a significant 23% increase from the previous month’s earnings of $86.6 million. The surge in revenue is directly linked to the record trading volume of $400 billion.
- Source- DefiLlama Data; Hyperliquid Fees
A major factor contributing to the platform’s growth is its Layer-1 blockchain, HyperEVM. HyperEVM provides high throughput and low-cost transactions. As a result, Hyperliquid can process more than $8 billion in daily transactions.
Additionally, a large portion of Hyperliquid’s revenue is directed into the Assistance Fund. This fund uses its earnings to buy back HYPE tokens from the open market. Since January, it has grown its holdings from 3 million to nearly 30 million tokens.
Hyperliquid’s Impressive Growth and Token Buyback Strategy
Hyperliquid’s Assistance Fund has been instrumental in its growth. The fund has increased its HYPE holdings to 29.8 million tokens, valued at over $1.5 billion. These efforts contribute to the protocol’s overall success and token value appreciation.
The protocol’s on-chain trading system has also been a major driver of its success. By eliminating off-chain oracles and order matching, Hyperliquid ensures efficient trading. This innovation has helped the platform surpass $2 trillion in cumulative volume since its launch in 2023.
In addition to strong revenue figures, Hyperliquid‘s token, HYPE, reached an all-time high (ATH) of $51.17 in August. The 10% rise in the token’s value was driven by whale accumulation and high trading fees. As of now, HYPE is trading around $44, reflecting a slight 1% decline over the past week.
Hyperliquid’s Position in the DeFi Space and Future Outlook
Hyperliquid is gaining recognition in the DeFi space due to its unique business model. BitMEX CEO Arthur Hayes projected a 126x upside for HYPE, based on the expected rise in stablecoin supply. Hayes believes Hyperliquid could capture over 25% of the future stablecoin trading volume.
Furthermore, 21Shares launched a regulated Hyperliquid exchange-traded product (ETP) on the SIX Swiss Exchange. This ETP offers structured access to Hyperliquid, which already powers 80% of decentralized perpetuals trading.
Despite these successes, analysts warn that upcoming token unlocks later this year may challenge the platform’s price stability.
