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From a monster airdrop to ending the year as the #4 revenue machine in crypto ($650M+ generated and 70% of all perps volume at peak), Hyperliquid didn’t just grow in 2025 — it conquered. ~~ Analysis by @robinson ~~ Here’s how they pulled it off, and why 2026 will be the real test 👇 https://www.bankless.com/read/hyperliquid-the-year-perps-caught-fire
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