Hyperliquid surpasses $100M revenue in August 2025
Decentralized exchange Hyperliquid recorded its strongest month yet in August, $106 million in revenue, up from $86.6 million in July, on close to $400 billion in perpetual trading volume.
According to DeFiLlama data, Hyperliquid captured about 70% of the decentralized perpetuals market, far ahead of rivals like Jupiter and Orderly Network. The exchange credits its growth to HyperEVM, a custom Layer-1 that delivers high-speed execution and low.
The exchange’s momentum has also drawn institutional attention. In August, 21Shares listed a Hyperliquid exchange-traded product on the SIX Swiss Exchange.
Hyperliquid’s daily revenue in 2025, with August marked by multiple spikes above $5 million and a record peak near $7 million. Source: defillama.com
A DeFiLlama chart shows Hyperliquid’s daily revenue flows in 2025. August stands out with multiple spikes above $5 million per day, culminating in the platform’s record-breaking month.
The exchange’s momentum has also drawn institutional attention. In August, 21Shares listed a Hyperliquid exchange-traded product on the SIX Swiss Exchange.
Still, rapid growth has brought challenges. The platform faced scrutiny in recent months after incidents involving whale-driven manipulation in smaller futures markets. In response, Hyperliquid added safeguards, including a 10x price cap based on the eight-hour EMA and external data feeds to stabilize pricing.
In August, Hyperliquid's revenue exceeded $100 million, strengthening its leadership in the decentralized derivatives sector.
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