Hyperliquid Achieves Record Revenue of $106 Million in August, Captures 70% Share of DeFi Perpetuals Market

Hyperliquid set new revenue benchmarks in August, generating $106 million from perpetual futures trading, which represents a 23% rise from July’s $86.6 million, as the decentralized exchange secured a 70% market share among DeFi perpetuals platforms.

This achievement coincided with a monthly trading volume of $383 billion and an annualized revenue of $1.25 billion, as reported by DefiLlama.

Small Team of 11 Employees Surpasses Major Financial Institutions Through Automation

The platform’s HYPE token hit an all-time high of $51.12 on August 27, reflecting an increase of over 400% since April.

Source: CoinGecko

Recently, Arthur Hayes made a bold prediction, suggesting that HYPE could rise 126 times by 2028 as stablecoin adoption reaches $10 trillion, fundamentally altering the decentralized trading landscape.

Hyperliquid operates with a mere 11 employees while managing $330.8 billion annually, achieving efficiency metrics that far exceed those of traditional payment giants.

PayPal employs 29,000 personnel to process $1.6 trillion yearly, while Visa utilizes 28,000 staff for $13 trillion in volume.

The exchange has established its competitive edge through HyperEVM, a proprietary Layer 1 blockchain that removes gas fees for trades while ensuring fully on-chain order books.

This technological framework has drawn traders from centralized exchanges in search of high performance without the typical DeFi friction points.

Technical Advancements Propel 70% DeFi Perpetuals Market Share

Hyperliquid’s market leadership is attributed to addressing fundamental DeFi trading challenges through specialized infrastructure that alleviates conventional pain points.

The platform’s HyperEVM blockchain facilitates trades without gas fees, ensuring complete on-chain transparency, while creating a hybrid model that merges the efficiency of CEXs with the advantages of DEXs.

The exchange surpassed Robinhood in trading volume for three consecutive months, generating over $28 million in weekly revenue while handling volumes that outstripped established centralized competitors like Bitstamp.

Trading activity peaked at $29 billion in 24-hour volume during periods of market volatility, with $7.7 million in daily fees during peak times.

Data from DeFi Llama indicates that the total value locked has risen to $762.57 million from $230.48 million in April, while monthly DEX volume has surged from $57.54 million in March to over $22 billion recently.

Source: DefiLlama

The platform’s cumulative perpetual futures volume has also reached $2.57 trillion.

Source: DefiLlama

Institutional adoption has accelerated through strategic collaborations, including custody services from Anchorage Digital Bank and the deployment of Circle’s native USDC.

The platform’s streamlined operational model heavily relies on automation and smart contracts to replace traditional finance departments.

Settlement, reconciliation, compliance checks, and customer operations are seamlessly integrated into the infrastructure, allowing for significant scalability with minimal staffing needs.

Arthur Hayes Anticipates 126x Returns as Stablecoin Revolution Unfolds

Former BitMEX CEO Arthur Hayes has released his most ambitious crypto forecast, predicting that HYPE could achieve 126x returns by 2028, as Treasury Secretary Scott Bessent’s policies pave the way for the largest DeFi bull market in history.

Hayes’ thesis revolves around capturing $34 trillion in global deposits through compliant stablecoin infrastructure.

The prediction assumes Hyperliquid will emerge as the largest crypto trading venue as stablecoin supply reaches $10 trillion, with daily volumes aligning with Binance’s current $73 billion throughput.

@CryptoHayes states HYPE could soar 126x by 2028 as the $10T stablecoin boom is poised to reshape finance.#Hyperliquid #Stablecoinhttps://t.co/HhuG7nx0RE

— Cryptonews.com (@cryptonews) August 28, 2025

Hayes envisions the exchange maintaining its 67% DeFi market share while expanding into broader crypto derivatives trading against centralized rivals.

Hayes has referred to Treasury Secretary Scott Bessent as “Buffalo Bill” for the expected dismantling of the Eurodollar banking system, predicting that policies will compel $10-13 trillion in foreign deposits into U.S. Treasury-backed stablecoins.

The strategy aims at retail deposits in the Global South through WhatsApp and social media platforms equipped with crypto wallet capabilities.

However, Polymarket odds for HYPE reaching $100 in 2025 have dropped to 24% from 35% in August, though they are anticipated to rise with expected Federal Reserve rate cuts.

Source: PolyMarket

Institutional investors, including Arthur Hayes, have acquired over 58,631 HYPE tokens valued at $2.62 million, while 21Shares has introduced exchange-traded products on the SIX Swiss Exchange.

Current HYPE metrics show a token price of $44.43, a market capitalization of $13 billion, and a daily volume of $364.93 million.

The token trades just 12% below its previous peak, yet remains optimistic across technical indicators.

Looking ahead, Hyperliquid’s growth prospects include expanding beyond perpetuals into tokenized assets, deeper fintech integrations, and potential organizational scaling as the revenue trajectory draws funding speculation.

The platform continues to function like a payments powerhouse disguised as a startup, processing institutional-grade volumes while adhering to DeFi principles and transparency standards.

The post Hyperliquid Smashes Revenue Record with $106M in August, Dominates 70% of DeFi Perps Market appeared first on Cryptonews.