Hyperliquid Revenues $96M YTD, Ranks as the Ninth Most Profitable Crypto Project in 2024

According to Yunt Capital steven's research, Hyperliquid's platform revenue includes spot listing auction fees, HLP MM PnL, and platform fees, where the platform fees will be transferred to the HLP Vault and USDC Assistance Fund (the total profit and loss can be calculated through the relevant wallets). Since the beginning of this year, the revenue of the HLP MM Vault has been around $44 million, including $40 million from HLP, -$2 million from HLP Strategy A, $2 million from HLP Strategy B, and $4 million from liquidation. When HYPE was launched, the team used the Assistance Fund wallet to purchase HYPE in the market; based on the USDC Assistance Fund address: 0x36...e963, assuming that the wallet's PnL is the remaining part of the platform fees that HLP did not obtain, the USDC Assistance Fund's profit and loss since the beginning of the year is $52 million. Therefore, Hyperliquid's total revenue since the beginning of the year has reached $96 million, exceeding Lido and ranking as the 9th most profitable crypto project in 2024.