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Hyperliquid's weekly revenue drops to a new low in May, DeFi protocols face growth bottlenecks
【ChainNews】Hyperliquid's recent performance is a bit concerning. According to Defillama data, this popular DeFi protocol generated only $9.16 million in revenue over the past week (December 22-28), hitting a new low since May. More painfully, this figure has dropped 70% from the previous peak of $31.1 million.
From the peak to now, such a large decline indicates what? User activity is declining, trading volume may also be weakening, and competitors are diverting market share. The DeFi sector is already highly competitive, and once the hype fades, revenue can drop by such multiples, which is indeed worth reflecting on. Is Hyperliquid facing a product bottleneck, or is this an inevitable result of the market cycle rotation? These are issues worth monitoring.