Hyperliquid Surpasses $3 Million Daily Revenue, Joining Ranks of Top Onchain Earning Platforms

The onchain protocol revenue has surged to new heights, with Hyperliquid pulling in $3.07 million in protocol revenue over a single 24-hour period.

This milestone was not isolated, as three other major platforms also reached their best weekly numbers during the same time frame, according to data tracked by DefiLlama.

Hyperliquid's perpetual futures trading model is the primary source of its revenue, with about 99% of eligible fees funneled into HYPE token buybacks and burns through the protocol's Assistance Fund.