Hyperliquid has set a new record for revenue and volume.

# Hyperliquid has updated its record for revenue and trading volume

The revenue of the decentralized exchange Hyperliquid reached a record $106 million in August. The figure increased by 23% compared to July.

Source: Defi Llama. The trading volume of perpetual contracts amounted to nearly $400 billion.

Source: Defi Llama. The protocol holds a dominant position in the decentralized derivatives market. Its share is 70% among leading platforms, including Jupiter and Orderly Network.

The growth of Hyperliquid is attributed to its architecture. The platform operates on its own L1 blockchain HyperEVM, which provides high performance and low fees.

High performance has attracted institutional interest. Recently, 21Shares launched an exchange-traded product based on Hyperliquid on the Swiss stock exchange SIX.

Although the platform also attracts speculators. In August, a large investor allegedly manipulated the XPL token in the futures market. The sharp price spike resulted in losses for other traders.

In response, the Hyperliquid team implemented updates to protect users. The platform limited price deviation from the eight-hour exponential moving average to 10 times. Additionally, the protocol began using external market data to stabilize quotes.

Recall that in July, the decentralized exchange recorded a monthly trading volume of perpetual futures of $319.4 billion.