As the crypto market declines, Hyperliquid's revenue over the past 24 hours rose to $3.91 million.

November 15 - According to Defillama data, amid the crypto market downturn, Hyperliquid's revenue in the past 24 hours reached $3.91 million, ranking third after Tether ($17 million) and Circle ($6.76 million). Hyperliquid's revenue over the past 7 days amounted to $18.37 million, a 7-day increase of 20.37%.

The sharp decline in the crypto market has driven a surge in Hyperliquid's perpetual contract trading volume. According to DefiLlama, over the past 7 days, Hyperliquid's perpetual contract trading volume reached $71.567 billion, up 14.36% from the previous 7 days; the perpetual contract business contributed $17.76 million during the same period, accounting for approximately 97% of total revenue. During periods of severe price volatility, liquidations, hedging, and forced liquidations may all increase trading volume, generating more fees.