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Hyperliquid hits $800M revenue in 2025 without VC funding, ranks 8th in crypto market cap despite US ban.

Protocol Fundamentals
27 May 2026
Blockonomi
View Source
Bullish
Hyperliquid hits $800M revenue in 2025 without VC funding, ranks 8th in crypto market cap despite US ban.

Hyperliquid, a decentralized exchange focused on perpetual futures, generated nearly $800 million in revenue in 2025 without any venture capital backing. Despite being blocked in the U.S., the platform's HYPE token reached a $13 billion market cap, making it the 8th largest crypto asset globally. Hyperliquid processed $2.9 trillion in trading volume and expanded beyond crypto to offer perpetual contracts on traditional assets like oil and silver. Future growth hinges on U.S. regulatory clarity, which could open the market further and increase the token's value potential.

More News (HYPE)

Hyperliquid's market cap could soar to $200 trillion in a decade, says Bitwise CIO Matt Hougan.

Hyperliquid's market cap could soar to $200 trillion in a decade, says Bitwise CIO Matt Hougan.

Bitwise CIO Matt Hougan predicts Hyperliquid's market cap could reach $200 trillion within the next decade, driven by strong investor demand and institutional adoption. The cryptocurrency has already doubled its price this year, rising 205% from $39....

Market News
Bullish
5 hours ago
Hyperliquid burns tokens as TVL nears $7B; HYPE must hold $78.50 to avoid bearish trend.

Hyperliquid burns tokens as TVL nears $7B; HYPE must hold $78.50 to avoid bearish trend.

Hyperliquid recently burned about 32.77K HYPE tokens worth $2.65 million, reducing the total supply by 4.86%. The protocol's total value locked (TVL) has risen to nearly $7 billion, supporting ongoing token burns funded by platform fees. On the price...

Protocol Fundamentals
Neutral
5 hours ago
Multicoin Capital names Hyperliquid a top holding amid strong liquidity and developer growth.

Multicoin Capital names Hyperliquid a top holding amid strong liquidity and developer growth.

Investment firm Multicoin Capital has identified Hyperliquid as one of its largest holdings following a detailed reassessment of the protocol. This decision reflects confidence in Hyperliquid's growth, driven by increased liquidity and developer acti...

Market News
Bullish
11 hours ago
Zcash leads crypto surge; BNB and Hyperliquid hold bullish, Shiba Inu attempts recovery

Zcash leads crypto surge; BNB and Hyperliquid hold bullish, Shiba Inu attempts recovery

Zcash (ZEC) shows a strong rebound, trading near $1,187 after a rapid rise from $500 in mid-August, signaling robust growth potential. Binance Coin (BNB) maintains a bullish trend above $700, aiming to retest $770–$780 resistance after a recent corre...

Technical Signals
Bullish
1 day ago
Regulatory concerns lower Hyperliquid's chance to hit $100 by 2026 to 52.5%.

Regulatory concerns lower Hyperliquid's chance to hit $100 by 2026 to 52.5%.

Hyperliquid, a decentralized exchange, is facing regulatory risks that have caused market participants to reduce the probability of its price reaching $100 by the end of 2026 from 62% to 52.5%. This shift reflects growing concerns about regulatory ch...

Market News
Bearish
1 day ago
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