Analyst il.Hl released comparative data, showing that Hyperliquid's per capita revenue is approximately $56.42 million, far exceeding traditional trading platforms. Data comparison shows that Hyperliquid has a revenue of approximately $790 million, a valuation of approximately $20.6 billion, 14 employees, and a profit margin of nearly 100%; Robinhood has a revenue of approximately $4.47 billion, a valuation of approximately $97.2 billion, approximately 2400 employees, and a profit margin of approximately 42%; Zhishang Institute has a revenue of approximately 6.52 billion US dollars, a valuation of approximately 88.5 billion US dollars, approximately 3800 employees, and a profit margin of approximately 62%; NASDAQ has a revenue of approximately $8.26 billion, a valuation of approximately $46.5 billion, approximately 9200 employees, and a profit margin of approximately 22%. Hyperliquid achieves high efficiency in protocol level infrastructure mode, with revenue almost equivalent to net profit and extremely low operating costs. The current advantage is based on the stage where regulatory and compliance costs have not yet been fully reflected. If compliance pressure increases in the future, profit margins may converge.
