Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row
Decentralized derivatives change Hyperliquid has persistently outperformed conventional finance giants in phrases of volume and net revenue.
DefiLlama data estimates Hyperliquid’s annualized net revenue at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the whole thing of 2024 by 11%.
The comparability positions the DeFi platform forward of one of many world’s largest inventory exchanges in net revenue, regardless of working with simply 11 workforce members.
Additionally, data from ASXN exhibits Nasdaq employed 9,162 folks in 2024, producing a net revenue per worker ratio of $123,335.52.
Hyperliquid’s 11-person workforce generates roughly $113 million per worker, establishing the best net income-to-employee ratio in international monetary markets.
Volumes surpass Robinhood
The trading protocol posted $420.3 billion in whole trading volume throughout August, extending its successful streak towards Robinhood to 4 consecutive months.
Robinhood printed August trading figures on Sept. 11, revealing $227.5 billion in whole volume throughout all merchandise.
The breakdown included $199.2 billion from fairness trading, $195.5 million from choices contracts, $13.7 billion from crypto trading in the Robinhood App, and $14.4 billion from crypto trading on the Bitstamp change.
Hyperliquid processed $398 billion in perpetual contracts and $22.3 billion in spot trading throughout the identical interval, creating a $170.5 billion volume benefit over the retail trading platform. The August efficiency marks the platform’s strongest month-to-month displaying since starting its successful streak towards Robinhood.
The volume comparability traces back to May, when Hyperliquid first overtook Robinhood with $256 billion versus $192 billion, based on knowledge shared by Jon Ma from Artemis.
June volumes reached $231 billion for Hyperliquid in comparison with Robinhood’s $193 billion, adopted by July’s $330.8 billion versus $237.8 billion efficiency. Its July benefit represented its largest month-to-month hole at 39.1% earlier than August’s outcomes widened the margin additional to almost 85%.
Amid these outcomes, Hyperliquid’s HYPE token registered a new all-time high of $57.30 on Sept. 12, up roughly 760% from its launch worth of $6.51 on Nov. 28, 2024.
The platform continues to exhibit how decentralized exchanges can compete straight with established retail trading platforms whereas sustaining lean operational constructions that generate outsized returns per worker.
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