The machine
Revenue, receipts included.
Protocol fees, the full income statement, the gap to every other perp DEX, who earns across the ecosystem, and the stablecoin dry powder sitting on the chain.
Fees & buyback fuel
Protocol revenue
The gap
Revenue vs perp DEXs · 24h
BAR = √ SCALE (LINEAR HIDES THE FIELD) — SOURCE · DefiLlama dailyRevenue
Fees → buyback P&L
Protocol income statementlive
Who earns on HL · 24h
Ecosystem fee leaderboardlive
The dry powder
Stablecoins on Hyperliquidlive
HyperEVM + HyperCore