Hyperliquid's Layer-1 Network Captures 35% of Blockchain Revenue: A Success Story

DWF Ventures has analyzed Hyperliquid's growth, attributing its success to product execution, community involvement, and airdrop distribution strategy. Hyperliquid's layer-1 network, HyperEVM, captured 35% of blockchain revenue in July, with $320 billion in perpetual trading volume and $87 million in revenue. The HYPE token's tokenomics, which devotes 97% of trading fees to buybacks, has also been discussed in the analysis.

DWF Ventures has recently published an in-depth analysis of Hyperliquid, highlighting the platform's remarkable growth and strategic initiatives. The report underscores Hyperliquid's success, attributing it to a combination of product execution, community involvement, and a well-executed airdrop distribution strategy [1].

Hyperliquid, initially an Arbitrum-based perpetual exchange (PerpDEX), transitioned to its own layer-1 network, HyperEVM, in July. This shift was pivotal, with the platform achieving $320 billion in perpetual trading volume and $87 million in revenue, capturing 35% of the total blockchain revenue [1]. This significant market share was also reflected in its share of on-chain derivatives, which reached 80%, and its dominance on Binance's open interest, accounting for 25% [3].

The HYPE token, the native asset of Hyperliquid, has been a cornerstone of the platform's growth. The token's tokenomics, which allocates 97% of trading fees to buybacks, has been instrumental in driving demand. The Hyperliquid Assistance Fund has already purchased $1.33 billion worth of HYPE tokens, contributing to a 140% return on investment for early users [1]. The fund's buyback strategy is projected to reach $1.5 billion annually, further bolstering the token's value.

Hyperliquid's growth is also supported by its community development efforts. Early users received 31% of the entire HYPE supply, fostering a strong community base that continues to drive engagement and adoption. The platform's strategy of prioritizing community development and product execution over early-stage venture capital funding has been cited as a key factor in its success [1].

In addition to its impressive growth metrics, Hyperliquid's strategic moves, such as the HYPE Engine and the upcoming HIP-3 upgrade, are poised to expand its network and integrate it into broader Web3 infrastructure. These initiatives are expected to strengthen Hyperliquid's long-term case and potential for a significant price increase.

References:
[1] https://u.today/dwf-ventures-hyperliquids-layer-1-captures-35-of-blockchain-revenue
[2] https://www.webpronews.com/stripe-launches-tempo-layer-1-blockchain-for-fast-stablecoin-payments/
[3] https://cryptofrontnews.com/cold-wallet-gains-edge-over-tron-hype-with-stage-17-pricing-ahead-of-a-major-2025-crypto-surge/