Pantera: Hyperliquid's Potential Annual Revenue Could Reach $3.7 Billion, Approximately 5x Growth

CoinFeed July 9 news, Pantera Capital released the July blockchain monthly report, focusing on analyzing the growth potential of the decentralized perpetual contract exchange Hyperliquid. The report pointed out that Hyperliquid, as the largest on-chain perpetual contract exchange, holds about 40% market share, with monthly trading volume exceeding $250 billion and annualized revenue reaching $800 million. The report estimated Hyperliquid's potential market size: the HIP-3 market annualized notional trading volume could reach $3,650 trillion, and if Hyperliquid captures 1% market share, under the assumptions of a comprehensive fee rate of 2 basis points and a 50% economic split, the platform revenue could reach approximately $3.7 billion, an increase of about 5 times from the current level.