Analyst: Hyperliquid’s average revenue per person is approximately $56.42 million, far surpassing traditional trading platforms such as CME.

Deep Tide TechFlow news. On June 20, analyst il.hl published a data comparison on the Hyperliquid ecosystem chain, stating that Hyperliquid’s per-capita revenue reaches approximately $56.42 million, significantly higher than traditional financial and crypto trading platforms. The comparison data shows:

1. Hyperliquid: approximately $790 million in revenue, about $20.6 billion in valuation, 14 employees, nearly a 100% profit margin;

2. Robinhood: approximately $4.47 billion in revenue, about $97.2 billion in valuation, around 2,400 employees, about a 42% profit margin;

3. CME Group: approximately $6.52 billion in revenue, about $88.5 billion in valuation, around 3,800 employees, about a 62% profit margin;

4. NASDAQ: approximately $8.26 billion in revenue, about $46.5 billion in valuation, around 9,200 employees, about a 22% profit margin.

The analysis shows that Hyperliquid achieves extremely high efficiency under a “protocol-level infrastructure” model: revenue is nearly equal to net profit, and operating costs are close to exceptionally low levels, reflecting the structural characteristic that “income does not grow linearly with headcount.” However, the current advantage is built on a stage in which regulatory and compliance costs have not yet fully materialized. If compliance pressures rise in the future, profit margins may converge somewhat.