Hyperliquid Cumulative Revenue Hits $1.24B, Perps Drive 90.7% of Total

Hyperliquid total revenue reaches $1.24B as native perpetuals generate $1.13B. Spot and gas fees contribute minor shares, highlighting extreme product concentration risk.

Woofun AI data shows that Hyperliquid cumulative revenue attained $1.24 billion by August 12. Native perpetual contracts generated $1.13 billion, representing 90.7% of the total, while HIP-3 perpetuals added $23.7 million. Remaining revenue comprised $45.9 million from spot trading, $20.7 million from spot auctions, and $13.5 million from HyperEVM gas fees.