Investment
Features
FeesSafety
Academy
More
Pluang+

Hyperliquid's trading volume soars but revenue drops due to fee-sharing with external builders.

Protocol Fundamentals
09 Aug 2026
Coindesk
View Source
Bearish
pluang ai news

Hyperliquid has seen record trading volumes and open interest in perpetual futures, reaching over $11 billion in open interest and $178 billion in 30-day volume. However, its revenue has declined for four consecutive quarters, falling 43% from its peak, mainly because of a fee-sharing program that gives half of the trading fees to outside market builders. Real-world asset perpetual contracts have become the largest market segment, surpassing Bitcoin contracts. Despite growing trading activity, the platform's revenue shrinkage and regulatory pressures, alongside competition from new decentralized exchanges, pose challenges for its future growth and token value.

More News

XRP holds near $1 as US Senate delays CLARITY Act vote, cooling regulatory hopes.

XRP holds near $1 as US Senate delays CLARITY Act vote, cooling regulatory hopes.

XRP is trading just above $1 after the US Senate postponed the CLARITY Act vote, delaying clearer rules on digital asset classification. This setback has dampened short-term optimism despite ongoing technical upgrades to the XRP Ledger aimed at enhan...

Market News
Bearish
4 hours ago
S&P 500 hits 25 all-time highs in 2026, driven by strong earnings and key stocks like Nvidia and Micron.

S&P 500 hits 25 all-time highs in 2026, driven by strong earnings and key stocks like Nvidia and Micron.

The S&P 500 has reached 25 all-time highs in 2026, continuing a streak of record-setting years fueled by robust earnings growth and rising investor optimism. Key contributors include Nvidia, Apple, and especially Micron Technology, whose 208% return ...

Market News
Bullish
4 hours ago
Stacks leads Bitcoin layer-2 usage with $400M BTC moved via Proof-of-Transfer, backed by Bitfinex.

Stacks leads Bitcoin layer-2 usage with $400M BTC moved via Proof-of-Transfer, backed by Bitfinex.

Stacks, a Bitcoin layer-2 protocol enabling smart contracts, ranks first in Bitcoin usage according to Bitfinex. The protocol has moved over 4,000 BTC (around $400 million) through its Proof-of-Transfer consensus mechanism since 2021, with more than ...

Protocol Fundamentals
Bullish
4 hours ago
Strategy Inc. sparks bitcoin speculation after fresh sales and cryptic 'Doing Business' post by Michael Saylor.

Strategy Inc. sparks bitcoin speculation after fresh sales and cryptic 'Doing Business' post by Michael Saylor.

Strategy Inc., led by Michael Saylor, posted a bitcoin chart with the cryptic caption "Doing Business," stirring speculation about its next move. The company recently disclosed selling more bitcoin, reducing its holdings to 842,138 BTC worth about $5...

Market News
Bearish
4 hours ago
LEVAFX hosts exclusive Dubai launch party with top trading creators on August 19, 2026

LEVAFX hosts exclusive Dubai launch party with top trading creators on August 19, 2026

LEVAFX, a UK-registered proprietary trading firm known for transparent evaluations and reliable payouts, will hold an exclusive launch event in Dubai on August 19, 2026. The event will unite the LEVAFX team, its global trader community, and prominent...

Others
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App