Hyperliquid has an average revenue of $106 million per person, ranking first globally! This far exceeds NVIDIA and Apple, with just an 11-person team generating an annualized revenue of $1.167 billion.

The decentralized derivatives trading exchange Hyperliquid has set a global record with an average revenue capacity of $10.6 million per person, far exceeding traditional tech giants and the previous record holder Tether. The platform has achieved an annualized revenue of $1.167 billion with just an 11-member core team, and its automated operating model sets a new benchmark for efficiency in the DeFi industry. This article will deeply analyze Hyperliquid's operational model and revenue structure.

Global per capita revenue ranking: Hyperliquid strongly tops the list.

Latest data shows that Hyperliquid ranks first in the world with a revenue generation capability of $10.6 million per capita, which is 14% higher than the second place Tether Limited at $9.3 million. The social platform OnlyFans ranks third with $3.76 million, while traditional tech giants Nvidia, Apple, and Meta have per capita revenues of only $3.6 million, $2.4 million, and $2.2 million respectively, which is less than a quarter of Hyperliquid.

Ultra-simplified team structure: 11 people create industry miracles

According to CEO and co-founder Jeff Yan, this decentralized derivatives trading exchange is operated by a team of only 11 core contributors. Based on estimates from DefiLlama as of August 20, this mini team has achieved an annualized revenue of up to $1.167 billion, demonstrating the extremely high operational efficiency of decentralized protocols.

Income Source Analysis: Automated Model of Trading Fee Sharing

Hyperliquid's revenue mainly comes from the trading fees collected by its decentralized perpetual futures exchange. The platform creates a revenue stream directly from trading volume by allocating exchange fees to the treasury, token holders, and a token buyback mechanism. This automated operation model does not require a large number of personnel to participate in daily operations, allowing the team to focus on protocol development and optimization.

Revenue Growth Trend: Accumulated 589 million USD over several months

Since December, Hyperliquid has generated a total revenue of $589.11 million, showing a recent trend of accelerated growth. The platform's revenue over the last 30 days reached $95.63 million, ranking third in the revenue of crypto protocols, only behind stablecoin issuers Tether ($629.19 million) and Circle ($203.91 million), and ahead of well-known protocols such as Tron, Jupiter, and Pump.fun.

Compared to the efficiency of traditional enterprises: DeFi model highlights advantages

Comparing with traditional tech companies highlights the efficiency advantages of decentralized finance protocols. Apple employs about 164,000 people and generates $383 billion in revenue annually, while Hyperliquid's team of 11 achieves nearly $1.2 billion in revenue through automated trading infrastructure. This model challenges the inherent perceptions of traditional financial services regarding revenue generation and operational demands.

Conclusion

Hyperliquid's outstanding performance validates the scaling potential of decentralized trading protocols, and its minimalist team structure and exceptionally high per capita efficiency provide a new model for the development of the DeFi industry. With the continuous improvement of automated trading infrastructure, decentralized finance models are expected to further reshape the efficiency standards and operational paradigms of the global financial industry.