Hyperliquid’s cumulative protocol revenue from fees is approaching $800M

According to Rand Group data, that’s already more than what giants like Solana, Tron, and even Ethereum generated over the same period.

For a protocol that many people initially dismissed as “just another perp DEX,” the numbers are getting absurd.

Hyperliquid basically turned crypto traders into an infinite fee-printing machine.

Meanwhile, most chains are still fighting for users…

…and Hyperliquid is monetizing traders emotionally overleveraging themselves 24/7.

At this point the protocol isn’t just surviving the bear market — it’s feeding on it.


@Cryptocurrency_Inside