Decentralized derivatives exchange Hyperliquid has surpassed traditional finance giants in volume and net income, with an annualized net income of $1.24 billion compared to Nasdaq’s $1.12 billion. Its 11-person team generates approximately $113 million per employee, outperforming Nasdaq’s net income-to-employee ratio. Hyperliquid also outperformed Robinhood in trading volume for four consecutive months.

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