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This crypto exchange just hit $1.1B revenue while Ethereum bleeds

Reading time: 2 min • Aug 6, 2025, 10:27 AM (UTC)

Key Points

  • Hyperliquid achieves $1.1 billion in annualized revenue with...

Hyperliquid just crossed $1.1 billion in annualized revenue with a casual 40% month-over-month growth, all while Ethereum looks like it's having an existential crisis and Bitcoin can't decide if it wants to be digital gold or digital drama.

The derivatives platform has been playing chess while everyone else plays checkers, snatching up market share with the precision of a hedge fund manager at an all-you-can-eat buffet. Open interest jumped to $15.3 billion - that's a 369% increase for the year, or roughly the same percentage as your uncle's confidence after reading one crypto article.

**Sol...

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