Hyperliquid has generated over $16 million in revenue this week, representing a growth of nearly 196% compared to last week.

BlockBeats News, August 23rd, according to Defillama data, Hyperliquid has generated $16.93 million in revenue this week, up from $5.72 million in revenue last week, representing a nearly 196% increase.

With the rebound of the cryptocurrency market this week, the demand for perpetual contract trading has increased, leading to a growth in platform trading volume and fee revenue.

According to HTX market data, Hyperliquid's native token HYPE has surged over 37% this week, now trading at $78.66.