Hyperliquid Commands 35% of Blockchain Revenue Amid Derivatives Surge, Plans Ecosystem Expansion

Hyperliquid captured a significant 35% of total blockchain network revenue generated in the latest monthly period, driven by intense demand for its derivatives trading platform.
This achievement coincided with more than $5.1 billion in USDC stablecoin being bridged onto the Hyperliquid chain, indicating robust investor participation.
Platform open interest reached $15.3 billion during the same period, representing a substantial 369% increase since the beginning of the year.
The upcoming HIP-3 protocol upgrade is positioned to significantly broaden Hyperliquid’s scope.
Designed to transform the platform into a comprehensive Web3 ecosystem, HIP-3 will enable new functionalities such as staking and support a wider variety of decentralized applications built natively on Hyperliquid.
Hyperliquid distinguishes itself by offering a fully decentralized and non-custodial trading experience, setting it apart from traditional, centralized exchanges.
Signaling strong institutional confidence in Hyperliquid’s future, prominent venture capital firm Paradigm is rumored to hold a position potentially worth up to $765 million in Hyperliquid’s native HYPE tokens.