In crypto, revenue tells part of the story. But profit margin reveals the truth about sustainability, capital efficiency, and long-term independence.

And right now, Hyperliquid is in a league of its own.

In public markets, profit margin is a core valuation metric. Tech companies with 70–80% gross margins are celebrated. In crypto, anything above 40% is rare.

Hyperliquid consistently operates above 95%.

This positions it not just as a leading DEX or trading protocol but as one of the most capital-efficient platforms in the entire blockchain sector.

GG @chameleon_jeff