As the crypto market declines, Hyperliquid's revenue over the past 24 hours rose to $3.91 million.

BlockBeats news, November 15, according to Defillama data, amid the crypto market decline, Hyperliquid's revenue in the past 24 hours reached $3.91 million, second only to Tether ($17 million) and Circle ($6.76 million), ranking third. Hyperliquid's revenue in the past 7 days reached $18.37 million, a 7-day increase of 20.37%.

The sharp drop in the crypto market drove a surge in Hyperliquid perpetual contract trading volume. In the past 7 days, Hyperliquid perpetual contract trading volume reached $71.567 billion, up 14.36% from the previous 7 days; the perpetual contract business contributed $17.76 million during the same period, accounting for about 97% of total revenue. During periods of violent price fluctuations, liquidations, hedging, and forced liquidations may all increase trading volume, generating more fees.

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