@bankless
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