Hyperliquid recorded $330.8 billion in trading volume in July 2025, surpassing U.S. brokerage Robinhood's $237.8 billion by $93 billion, marking the third consecutive month it has led in trading volume. With a team of only 11 people, Hyperliquid generates approximately $1.17 billion annually, equating to over $100 million in revenue per employee. The platform also generated $5.8 million in fees on a single day recently, marking its third-highest daily fee revenue this year. Hyperliquid's innovative distribution strategy has led to widespread adoption, with various wallets and platforms such as Rabby Wallet and Phantom integrating its perpetual contracts (perps) trading. Phantom alone has generated $4 million in fees since adding perps six weeks ago. The growing integration of Hyperliquid's liquidity is influencing other market participants, with speculation about when major wallets like MetaMask will join. Meanwhile, Sushi Aggregator reported surpassing $7 billion in total trading volume across more than 40 chains, highlighting ongoing activity in decentralized finance.