Hyperliquid tops Nasdaq’s 2024 internet revenue, beats Robinhood’s buying and selling quantity 4 months in a row
Decentralized derivatives alternate Hyperliquid has persistently outperformed conventional finance giants by way of quantity and internet revenue.
DefiLlama knowledge estimates Hyperliquid’s annualized internet revenue at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion internet revenue for everything of 2024 by 11%.
The comparability positions the DeFi platform forward of one of many world’s largest inventory exchanges in internet revenue, regardless of working with simply 11 workforce members.
Moreover, knowledge from ASXN reveals Nasdaq employed 9,162 folks in 2024, producing a internet revenue per worker ratio of $123,335.52.
Hyperliquid’s 11-person workforce generates roughly $113 million per worker, establishing the best internet income-to-employee ratio in world monetary markets.
Volumes surpass Robinhood
The buying and selling protocol posted $420.3 billion in complete buying and selling quantity throughout August, extending its successful streak in opposition to Robinhood to 4 consecutive months.
Robinhood revealed August buying and selling figures on Sept. 11, revealing $227.5 billion in complete quantity throughout all merchandise.
Do not Get Left Holding the Bag
Be part of The Crypto Investor Blueprint — 5 days of pro-level methods to turbocharge your portfolio.
Dropped at you by CryptoSlate
The breakdown included $199.2 billion from fairness buying and selling, $195.5 million from choices contracts, $13.7 billion from crypto buying and selling within the Robinhood App, and $14.4 billion from crypto buying and selling on the Bitstamp alternate.
Hyperliquid processed $398 billion in perpetual contracts and $22.3 billion in spot buying and selling throughout the identical interval, making a $170.5 billion quantity benefit over the retail buying and selling platform. The August efficiency marks the platform’s strongest month-to-month exhibiting since starting its successful streak in opposition to Robinhood.
The amount comparability traces again to Could, when Hyperliquid first overtook Robinhood with $256 billion versus $192 billion, in line with knowledge shared by Jon Ma from Artemis.
June volumes reached $231 billion for Hyperliquid in comparison with Robinhood’s $193 billion, adopted by July’s $330.8 billion versus $237.8 billion efficiency. Its July benefit represented its largest month-to-month hole at 39.1% earlier than August’s outcomes widened the margin additional to almost 85%.
Amid these outcomes, Hyperliquid’s HYPE token registered a brand new all-time excessive of $57.30 on Sept. 12, up roughly 760% from its launch worth of $6.51 on Nov. 28, 2024.
The platform continues to display how decentralized exchanges can compete instantly with established retail buying and selling platforms whereas sustaining lean operational buildings that generate outsized returns per worker.
