Hyperliquid recently crossed $7B in TVL for the first time. The exchange has been seeing substantial activity with about $220B in perp volume and nearly $60M in protocol revenue over the past month. TradeXYZ’s HIP-3 markets alone accounted for nearly a quarter of Hyperliquid’s perp volume over that period.

Hyperliquid Throughput Is Exploding Hyperliquid’s network throughput has been climbing sharply, with TPS recently reaching ~19K. The chart shows: • ~8–10K TPS through much of the period • Several spikes above 10K TPS • A recent peak of nearly 19K TPS • Even during pullbacks, throughput remains at several thousand TPS For a trading-focused chain, this matters because higher throughput gives Hyperliquid more capacity to handle orders, liquidations, market activity and other on-chain operations at scale.

Hyperliquid just raised the Supply Caps to borrow USDC against HYPE. What happens if rates keep rising and USDC on HL goes up? Road to $1M in fees per Day for Hyperliquid just from Reserve Yield. Data: by @guru__hl

HYPERLIQUID BURNS $2.42M HYPE IN 24 HOURS Hyperliquid bought and burned 26.31K $HYPE (~$2.42M) at a $91.86 VWAP. Lifetime burn now stands at 48.76M $HYPE (~$4.50B), or 4.88% of max supply. Hyperliquid has generated $64.34M in revenue over the last 30 days and $1.26B all-time.