Hyperliquid Climbs Into Crypto’s Top 10 Despite U.S. Geoblock
Hyperliquid generated roughly $800M in 2025 revenue without any venture capital funding behind it. The platform ranks 8th by crypto market cap, processing $2.9 trillion in perpetual futures volume in 2025. HIP-3 expansion pushed daily commodity perp volumes past $4B, with an S&P 500 contract now live on weekends. Hyperliquid has become one of the...
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