Crypto lost 300b in mcap the past 24 hours. On days like this, users lose money while exchanges win. But CEX's are opaque so we never knew exactly how much. Because Hyperliquid is the first onchain exchange with real users, we can finally see the numbers ourselves. Here's a breakdown on how profitable Hyperliquid was the last 24 hours:

HLP: +2.5m
HLP Strategy A: -50k
HLP Strategy B: +1m
Liquidator: +1.5m
USDC AF: +2.2m
Total revenue the past 24 hours: ~$7.2m, or $2.6b annualized.

Crypto lost 300b in mcap the past 24 hours. On days like this, users lose money while exchanges win. But CEX's are opaque so we never knew exactly how much. Because Hyperliquid is the first onchain exchange with real users, we can finally see the numbers ourselves. Here's a… https://t.co/6Q2o7aQVta