🔔 **Hyperliquid’s 24-hour revenue tops $3.91 million, ranking third** 🌍
According to DefiLlama data, Hyperliquid generated $3.91 million in revenue over the past day, ranking third behind Tether ($17 million) and Circle ($6.76 million). Its cumulative revenue over the past seven days was $18.37 million, up about 20%. Over the same period, perpetual contract trading volume reached $71.567 billion, an increase of 14.36% from the previous period. Perpetual contracts contributed about 97% of revenue ($17.76 million).
This shows that Hyperliquid is highly reliant on its perpetual contracts business, which is the main source of its revenue growth. If trading activity in perpetuals continues to increase, revenue may climb further. However, if market volatility causes demand for contracts to decline, the concentration of its revenue streams could create uncertainty. 🤔
This is not investment advice.
#DeFi #CryptoTrading #Hyperliquid #Write2Earn
According to DefiLlama data, Hyperliquid generated $3.91 million in revenue over the past day, ranking third behind Tether ($17 million) and Circle ($6.76 million). Its cumulative revenue over the past seven days was $18.37 million, up about 20%. Over the same period, perpetual contract trading volume reached $71.567 billion, an increase of 14.36% from the previous period. Perpetual contracts contributed about 97% of revenue ($17.76 million).
This shows that Hyperliquid is highly reliant on its perpetual contracts business, which is the main source of its revenue growth. If trading activity in perpetuals continues to increase, revenue may climb further. However, if market volatility causes demand for contracts to decline, the concentration of its revenue streams could create uncertainty. 🤔
This is not investment advice.
#DeFi #CryptoTrading #Hyperliquid #Write2Earn