According to a Castle Labs report, as of August 12, Hyperliquid’s cumulative revenue is approximately $1.24 billion, of which native perpetual contracts contributed $1.13 billion, accounting for 90.7%; the HIP-3 perpetual contracts contributed $23.7 million. Other revenue sources include spot trading of $45.9 million, spot auctions of $20.7 million, HyperEVM Gas of $13.5 million, etc.