1/ Hyperliquid volumes show no signs of slowing down, with open interest hitting $14.8B, up 335% YTD.
Breaking down Hyperliquid's revenue and volumes:

2/ Perpetual futures demonstrated strong growth, with trading volumes approaching $93B weekly.
BTC and ETH continue to dominate, accounting for 61% of the total volume.
Interestingly, SOL (10.7%) still experiences higher trading activity on Hyperliquid compared to HYPE (4.5%).

3/ This sustained momentum has driven Hyperliquid's token holder value to an all-time high, reaching $27M in the last week, averaging around $3.8M daily.
Annualizing this performance results in a projected $1.4B revenue for Hyperliquid.

4/ Trading fees remain the core source of revenue, while HyperEVM REV consistently generates approximately $150k per week.
Simultaneously, HyperEVM has seen its TVL rise to $2.1B, with protocols like @kinetiq_xyz, @hyperlendx, and @felixprotocol becoming early leaders.

5/ Given minimal costs, primarily operator payments projected at ~$6.5M in 2025, Hyperliquid remains exceptionally profitable, with token holder net income forecasted to reach $647.7M for the full year.

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