Hyperliquid Weekly Revenue Jumps to $16.93 Million, Up 196% From Prior Week
JOON HYOUNG LEE
Summary
- Global decentralized exchange Hyperliquid posted cumulative weekly revenue of $16.93 million, up about 196% from the previous week.
- The report said Hyperliquid's revenue appears to have surged as the cryptocurrency market recovered and perpetual futures trading increased.
- The Hyperliquid token price was trading at $78.78, up about 37.33% from a week earlier.
Forecast Trend Report by Period
Hyperliquid, a global decentralized exchange, posted nearly triple the revenue this week compared with the prior week.
BlockBeats, citing DefiLlama data on Aug. 23, reported that Hyperliquid's cumulative revenue for the week reached $16.93 million. That was about 196% higher than $5.72 million the previous week.
The gain came as the broader cryptocurrency market recovered this week, boosting perpetual futures trading and lifting Hyperliquid's revenue. Bitcoin has climbed more than 20% this week.
Hyperliquid's token has also advanced. According to CoinMarketCap, it was trading at $78.78 as of 4:53 p.m. Korea Standard Time on Aug. 23, up about 37.33% from a week earlier.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul