Hyperliquid's total spot and perpetual contract trading volume in July reached $33.08 billion, significantly surpassing Robinhood's $23.78 billion, with an advantage of $9.3 billion, marking the largest gap this year (39.1%). Hyperliquid has outperformed Robinhood in trading volume for three consecutive months since May, with July showing the strongest performance. The Hyperliquid platform is operated by only 11 core members, and according to DefiLlama estimates, its annualized revenue is approximately $1.167 billion, with individual earnings exceeding $100 million, surpassing Tether ($93 million per person). (CryptoSlate)