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- Hyperliquid posted $106M revenue in August, up 23% month-on-month.
- HYPE token hit $51.17 ATH before pulling back to $44.
- Analysts project massive growth but warn of upcoming token unlock risks.
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Hyperliquid has marked a major milestone in August, achieving its highest monthly revenue and trading volume to date. The decentralized trading protocol has seen explosive growth, fueled by demand for perpetual trading and a strong rally in its native HYPE token.
Hyperliquid Posts $106M in Revenue
According to DefiLlama data, Hyperliquid generated $106 million in revenue last month, a 23% increase from July’s $86.6 million. The surge was supported by nearly $400 billion in perpetual trading volume, pushing the platform’s cumulative volume since launch in 2023 to over $2 trillion.
Much of the revenue flows into the Assistance Fund, which automatically buys back HYPE tokens. Since January, the fund’s holdings have risen from 3 million to nearly 30 million tokens—valued at over $1.5 billion.
High Performance on HyperEVM and Bitcoin Trading
Hyperliquid’s growth is largely attributed to its custom-built Layer-1 blockchain, HyperEVM, designed to handle high throughput and low transaction costs. The platform now processes more than $8 billion in daily trading volume, all executed fully on-chain without relying on external oracles.
In addition, Hyperliquid’s Hyperliquidity Cluster recently recorded $3.4 billion in daily trading, with Bitcoin alone accounting for $1.5 billion. This positions the protocol as the second-largest global venue for Bitcoin spot trading.
HYPE Price Rally and Analyst Forecasts
HYPE surged to an all-time high of $51.17 in August, driven by whale activity and higher trading fees. Although it has since pulled back to around $44, analysts remain bullish. BitMEX co-founder Arthur Hayes projects a 126x upside, predicting revenues could jump from $1.2 billion today to $258 billion within three years as stablecoin supply expands.
Meanwhile, Swiss asset manager 21Shares launched the first regulated Hyperliquid ETP on the SIX Swiss Exchange, giving institutional investors structured access to the protocol.
With 80% of decentralized perpetuals trading powered by its platform, Hyperliquid is cementing its role as a DeFi leader. However, analysts caution that only one-third of HYPE tokens are currently in circulation. Upcoming unlocks later this year may test its price resilience despite strong fundamentals.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Hyperliquid Surpasses Solana in Blockchain Revenue
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