Data shows that the Hyperliquid platform achieved an important milestone in July, with its revenue soaring to $86 million, setting a new historical high. This figure annualizes to over $1.2 billion, while the platform's cumulative total revenue has surpassed the $400 million mark.

The significant growth in this income reflects the fervor of the cryptocurrency derivatives trading market. In the overall market environment, compared to the performance of traditional financial markets, the cryptocurrency infrastructure seems to be gradually regaining vitality from the bear market.

Meanwhile, market analysis indicates that Bitcoin may face a test of short-term support levels. In this context of seasonal weakness, high-yield projects have become a safe haven for investors. It is worth noting that some large investors might be increasing their holdings in Ethereum or looking for similar investment opportunities.

Looking ahead, with the potential interest rate cuts expected in September, Hyperliquid is likely to maintain its leading position in the industry. For traders, the current derivatives market conditions may contain significant upside potential, warranting close attention.

However, investors should also bear in mind that the cryptocurrency market is highly volatile and requires careful risk assessment before making any investment decisions.