According to ChainCatcher, a report by Bitcoin Suisse reveals that Hyperliquid generated $820 million in annual revenue over the past year, ranking fourth globally in perpetual contracts trading volume and becoming one of the few decentralized platforms capable of competing with centralized exchanges. In the decentralized perpetual contracts space, Hyperliquid held a 41% share of open interest and over 30% of total trading volume in 2025. Additionally, the platform launched more than 120 new markets linked to RWA assets within less than six months, covering off-chain instruments such as tokenized equities and commodities, averaging approximately five new markets per week. Bitcoin Suisse noted that Hyperliquid’s order book design and native blockchain architecture are key differentiators; the introduction of HyperEVM and its capital-efficient trading mechanisms will support further expansion, setting a new benchmark for decentralized trading platforms.
Hyperliquid reports $820 million in annual revenue, ranking fourth in global perpetual contract volume.
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Hyperliquid reported $820 million in annual revenue and ranks fourth globally in perpetual contract volume, according to a Bitcoin Suisse report. The platform controls 41% of open interest and over 30% of decentralized perpetual trading volume. It has also launched more than 120 new markets tied to RWA, including tokenized stocks and commodities, averaging five per week. Amid evolving global crypto regulations, the platform continues to expand its offerings, with new token listings expected to drive further growth.
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