Hyperliquid Records $820M Annual Revenue, Ranks Fourth in Global Perpetual Futures Trading Volume

BTC-0,2%

Gate News message, April 27 — According to a Bitcoin Suisse research report, Hyperliquid generated $820 million in annual revenue over the past 12 months and ranks fourth globally in perpetual futures trading volume, establishing itself as one of the few decentralized platforms competing with centralized exchanges.

In the decentralized perpetual futures sector, Hyperliquid captured 41% of open interest and over 30% of total trading volume in 2025. The platform launched over 120 new markets linked to real-world assets (RWA)—including tokenized stocks and commodities—in less than six months, averaging approximately five new markets per week.

Bitcoin Suisse highlighted Hyperliquid’s order book design and native blockchain architecture as key competitive advantages. The introduction of HyperEVM and capital-efficient trading mechanisms are expected to support further expansion, setting a new standard for decentralized trading platforms.

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