How Hyperliquid Hit $330B in Monthly Trading Volume With Just 11 Employees

How Hyperliquid Hit $330B in Monthly Trading Volume With Just 11 Employees

What Is Hyperliquid? Hyperliquid is a decentralized perpetuals exchange running on its own custom layer-1 blockchain. The system is split into two tightly connected components: HyperCore, which manages onchain order books, margining, and liquidations, and HyperEVM, an Ethereum-compatible layer that adds programmability. Both run under HyperBFT, a proof-of-stake consensus inspired by HotStuff, ensuring speed and…

Solana's Q2 Revenue Decline Amid DeFi Expansion

Solana’s Q2 Revenue Decline Amid DeFi Expansion

Solana’s Steep Revenue Decline The Solana blockchain saw a steep revenue decline. This happened in the second quarter of 2025. It fell even as its DeFi ecosystem expanded. A report from Messari details the financial downturn. The app revenue, or “Chain GDP,” fell sharply. The total application revenue dropped significantly. It was a 44.2% quarter-over-quarter…