Hyperliquid's weekly revenue drops to a new low in May, DeFi protocols face growth bottlenecks

GasFeeLady · 2025-12-29T03:42:10+00:00

Hyperliquid's recent performance is concerning, with revenue in the past week reaching only $9.16 million, hitting a new low and down 70% from its peak. This indicates a decline in user activity and trading volume, increased competition, and potential issues such as product bottlenecks or market cycle changes.

GasFeeLady

2025-12-29 03:42:10

Abstract generation in progress

【ChainNews】Hyperliquid’s recent performance is a bit concerning. According to Defillama data, this popular DeFi protocol generated only $9.16 million in revenue over the past week (December 22-28), hitting a new low since May. More painfully, this figure has dropped 70% from the previous peak of $31.1 million.

From the peak to now, such a large decline indicates what? User activity is declining, trading volume may also be weakening, and competitors are diverting market share. The DeFi sector is already highly competitive, and once the hype fades, revenue can drop by such multiples, which is indeed worth reflecting on. Is Hyperliquid facing a product bottleneck, or is this an inevitable result of the market cycle rotation? These are issues worth monitoring.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
5
Repost
Share

Comment

0/400

DataOnlooker

· 8h ago

A 70% decline is indeed a bit hard to handle, but isn't this just the norm for DeFi... Once the hype dies down, it's the usual rhythm of harvesting the leeks.

View OriginalReply0

UnluckyLemur

· 8h ago

70% decline... Wow, how intense must the selling have been? It feels like everyone is looking for the next hot spot in this cycle.

View OriginalReply0

TestnetNomad

· 8h ago

A 70% decline... Is this the fate of DeFi? Once the hype fades, the true nature is revealed.

View OriginalReply0

DiamondHands

· 8h ago

A 70% drop... How painful must that be? The once-favored project suddenly fell behind. --- Is this the fate of another hot project? I really can't understand. --- Hyperliquid really underperformed; competitors are all grabbing market share. --- Fallen from 31.1 million to 9.16 million, oh my... How many people are trapped? --- Is it a product bottleneck or a market cycle? Instead of fussing over this, it's better to withdraw quickly. --- A typical short-term boom in DeFi; once the heat subsides, the true nature is revealed.

View OriginalReply0

OnChain_Detective

· 8h ago

yo hold up... 70% collapse in weekly revenue? that's not just a dip, that's a full-blown liquidity bleed pattern. lemme pull the data on this

Reply0