Data: Hyperliquid's revenue in the last 24 hours rose to 3.91 million USD

According to data from Defillama, as the cryptocurrency market declines, Hyperliquid's revenue in the past 24 hours reached 3.91 million dollars, ranking third after Tether (17 million dollars) and Circle (6.76 million dollars). Hyperliquid's revenue over the past 7 days reached 18.37 million dollars, with a 7-day increase of 20.37%.

The sharp decline in the cryptocurrency market has driven an increase in trading volume for Hyperliquid's perpetual contracts. In the past 7 days, the trading volume of Hyperliquid's perpetual contracts reached 71.567 billion dollars, an increase of 14.36% compared to the previous 7 days; the perpetual contract business contributed 17.76 million dollars during the same period, accounting for about 97% of total revenue. During periods of severe price fluctuations, liquidations, hedging, and forced liquidations can increase trading volume, resulting in more transaction fees.