With only 11 team members, Hyperliquid has achieved a record $106 million in revenue per employee, surpassing Tether and major tech giants. Its annual revenue is estimated at nearly $1.2 billion, driven by decentralized perpetual futures trading fees. Since December, Hyperliquid has generated $589.11 million, ranking as the third-largest crypto protocol by revenue after Tether and Circle, ahead of players like Tron and Pump.fun.