In a surprising turn for crypto market observers, Hyperliquid has claimed the top spot in May 2025’s chain profit rankings, surpassing major players like TRON, Ethereum, and Solana. According to a June 5 tweet by CryptoRank.io, the platform generated $72.3 million in gross profit during the month—significantly ahead of TRON’s $58.3M and Ethereum’s $21.8M.
This development not only solidifies Hyperliquid’s growing footprint in the DeFi landscape but also positions it as a frontrunner in the modular exchange revolution. The protocol’s strong fundamentals and rapidly expanding user base are fueling speculation of long-term dominance.
What’s Driving Hyperliquid’s Growth?
Hyperliquid’s edge lies in its high-throughput, low-latency trading architecture—features especially appealing to professional traders and arbitrageurs. Unlike traditional exchanges, Hyperliquid operates without a token, and yet it has outpaced competitors that rely heavily on token incentives.
Its growth strategy seems to be working: the project has climbed from niche obscurity to top-tier profitability in less than a year. Moreover, its consistent fee generation—despite market fluctuations—demonstrates real user activity, not just hype-fueled TVL surges.
Price Performance and Market Outlook
Hyperliquid’s native token, while not yet officially launched on centralized exchanges, has already attracted attention in private trading circles. Based on recent price charts, the token surged over 40% in the past 30 days, briefly testing the $40 mark before settling around $34.81.
Source: Tradingview
The bullish structure suggests growing investor confidence, especially as more data platforms spotlight Hyperliquid’s profitability and user traction.
Final Thoughts: Will Hyperliquid Dominate Web3 Trading?
With traditional exchanges grappling with compliance hurdles and waning innovation, Hyperliquid’s modular and transparent model offers a breath of fresh air. If its May performance is any indication, the platform may be on track to become the most profitable exchange of 2025—token or not.While competition will remain fierce, especially with Base and Solana accelerating L2 integrations, Hyperliquid’s fundamentals now speak louder than any hype cycle.
