Hyperliquid's annual revenue reaches $820 million, ranking fourth worldwide in perpetual contract trading volume

ChainCatcher reports that, according to Bitcoin Suisse research, Hyperliquid recorded $820 million in annual revenue over the past year, ranking fourth in global perpetual contract trading volume, becoming one of the few decentralized platforms capable of competing with centralized exchanges. In the decentralized perpetual contract sector, Hyperliquid held a 41% open interest share and over 30% of total trading volume in 2025.

Additionally, the platform launched over 120 new markets linked to RWA in less than six months, covering off-chain instruments such as tokenized stocks and commodities, averaging about five new markets launched each week. Bitcoin Suisse pointed out that Hyperliquid’s order book design and native blockchain architecture are key differentiators, and the introduction of HyperEVM and capital-efficient trading mechanisms will support its further expansion, setting a new benchmark for decentralized trading platforms.

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