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.

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BTCWaveRider

· 01-01 03:32

70% decline... How hard must that have been, to lose momentum so quickly?

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Another project that was overhyped, now just starting to reveal its flaws. It should have been obvious earlier.

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Hyperliquid's correction is so fierce, it seems like competitors haven't been idle either.

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No way, just a few months from 3100 down to over 900... When will it ever recover?

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Is the cycle rotation really that bad? I want to see how they handle the follow-up.

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These numbers are really heartbreaking, but to be honest, DeFi is like this—hot for a moment, then cools down.

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MEV_Whisperer

· 2025-12-31 18:16

A 70% drop... That's the magic of Web3. As soon as the hype passes, it's immediately a loss.

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DataOnlooker

· 2025-12-29 04:08

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.

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UnluckyLemur

· 2025-12-29 04:08

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

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TestnetNomad

· 2025-12-29 04:06

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

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DiamondHands

· 2025-12-29 04:05

A 70% drop... How painful must that be? The once-favored project suddenly fell behind.

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Is this the fate of another hot project? I really can't understand.

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Hyperliquid really underperformed; competitors are all grabbing market share.

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Fallen from 31.1 million to 9.16 million, oh my... How many people are trapped?

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Is it a product bottleneck or a market cycle? Instead of fussing over this, it's better to withdraw quickly.

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A typical short-term boom in DeFi; once the heat subsides, the true nature is revealed.

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OnChain_Detective

· 2025-12-29 04:01

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

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