The decentralized exchange’s composable infrastructure attracts developers and wallets, driving $90 million in revenue since its 2023 launch.
Hyperliquid, a decentralized exchange specializing in perpetual futures, has generated $90 million in revenue by enabling composability across DeFi applications. The platform’s HyperEVM and HyperCore blockchain allow developers to integrate its liquidity, reducing fragmentation and expanding asset variety.
Launched in early 2023, Hyperliquid has become a preferred backend for wallets like MetaMask and Phantom, as well as exchanges such as VALR. Its builder codes system fosters network effects, deepening liquidity as more applications adopt its infrastructure.
The platform’s growth reflects rising demand for permissionless, tokenized financial products, with hundreds of developers now leveraging its shared liquidity model.