Hyperliquid sets a global record with a revenue of 106 million USD per employee.

Hyperliquid has achieved the highest revenue per employee in the world, reaching 106 million USD, surpassing even Tether Limited – the previous record holder – and many traditional technology corporations.

According to data from Hyperliquid France, Tether ranks second with 93 million USD per personnel, while OnlyFans ranks third with 37.6 million USD. Notably, this decentralized derivatives exchange only has 11 core members, as CEO and co-founder Jeff Yan confirmed in a recent interview.

With a lean workforce, Hyperliquid still generates an estimated annual revenue of 1.167 billion USD, according to data from DefiLlama on August 20th. Meanwhile, major tech corporations lag far behind: Nvidia achieved 3.6 million USD, Apple 2.4 million USD, and Meta 2.2 million USD per employee.

The revenue of Hyperliquid mainly comes from fees on decentralized perpetual futures contracts. The platform collects part of the swap fees into a fund, distributing it to token holders and the buyback program, generating direct cash flow from trading volume without the need for a massive operational structure.

Hyperliquid's automated market-making system and derivatives trading infrastructure are designed to operate with minimal human intervention, allowing the team to focus on developing and optimizing the protocol rather than managing daily operations.

Rapid Revenue Growth

Since December, Hyperliquid has recorded a revenue of 589.11 million USD, showing explosive growth in recent months. The revenue over the past 30 days reached 95.63 million USD, making Hyperliquid the third-largest revenue-generating crypto protocol, only behind two stablecoin giants: Tether (629.19 million USD) and Circle (203.91 million USD). This result allows Hyperliquid to surpass many other major names such as Tron, Jupiter, and Pump.fun.

Comparing with traditional technology corporations shows the superior efficiency of the decentralized finance model. While Apple requires about 164,000 employees to generate 383 billion USD in annual revenue, Hyperliquid's team of 11 can generate nearly 1.2 billion USD thanks to automated trading infrastructure.

The success of Hyperliquid confirms the potential of decentralized exchanges to achieve massive scale with minimal manpower, while challenging traditional assumptions about how to generate revenue and organize operations in the financial industry.

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