Hyperliquid yesterday reported a revenue of $3.27 million, reaching a new high since February 7th.
BlockBeats News, April 17th, according to DefiLlama data, Hyperliquid yesterday earned $3.27 million, reaching a new high since February 7th. It is only behind Tether ($16.41 million) and Circle ($6.77 million).
Hyperliquid's open interest and trading volume have continued to hit new highs. However, due to the HIP-3 fee-sharing mechanism, the rise of third-party markets, and a lackluster ecosystem, the platform's retained earnings have been declining steadily. The HYPE buyback pressure, valuation support, and regulatory scrutiny are all under pressure simultaneously.