Hyperliquid Has Now Generated $1 Billion in Revenue. Is It Finally Time to Believe the HYPE About Perpetual Futures?
The chain's perpetual futures contracts are bringing wealth to its holders, but can that continue?
Overview
Hyperliquid (CRYPTO: HYPE) just crossed $1 billion in cumulative protocol revenue on June 30, less than two years after its launch. It achieved that milestone during a crypto bear market and in a macro environment disrupted by war, inflation, and more.
Most coins whose valuations are based solely on their memetic potential or narrative have already wilted, largely due to these market conditions. In contrast, Hyperliquid is building its business and returning substantial capital to its token holders, thanks to its decentralized perpetual futures platform.
Details
So, is getting exposure to the growth of volume for those perpetual futures worth buying the HYPE token that Hyperliquid issues?
Source
Originally published at www.fool.com.