Topic: #decentralized-exchange
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Hyperliquid tops 2026 revenue rankings with $429M, burns tokens at scale
Hyperliquid, a decentralized perpetual futures exchange, generated $429 million in revenue between January and September 2026, leading all crypto projects. The platform routes 99% of eligible trading fees into a buyback mechanism that has removed 48.7 million HYPE tokens from circulation.
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Hyperliquid: Decentralized Perpetual Futures Exchange on Layer-1
Hyperliquid is a decentralized perpetual futures exchange running on its own layer-1 network that has grown into a top-10 cryptocurrency by market cap, attracting over 1.2 million users since launching in 2023.