Hyperliquid Success: Unleashing a Revolutionary DeFi Model Without VC Funding

Key Points

1. Hyperliquid avoided traditional VC funding, focusing on community engagement and organic growth, which contributed to its rapid ascent in decentralized finance (DeFi).

2. The platform migrated from Arbitrum to its proprietary Layer-1 network, HyperEVM, to enhance performance and scalability, and introduced the HYPE token via an airdrop.

3. Hyperliquid generated $87 million in revenue in July and captured 35% of blockchain revenue among its peers, demonstrating its strong market position.

4. Its tokenomics model allocates 97% of trading fees to buybacks, with nearly $1.33 billion worth of HYPE repurchased, linking platform success directly to token value.

5. Hyperliquid's achievements include $320 billion in perpetual trading volume and 6.1% of centralized exchange market share, showcasing its impact on the crypto space.