The on-chain yield landscape is maturing, as institutions and users seek more sophisticated opportunities on-chain. We partnered with @vaultsfyi to dive into the world of on-chain yield — here’s what we found 🧵

RT @NetworkMedici: 2/ @veradittakit, Managing Partner at @PanteraCapital shared the @artemis chart below that shows stablecoin payments by….

RT @anthonyyim: The monthly yap session between me and @ElBarto_Crypto's monthly yap session on crypto, stablecoins, and RWA is out!. I tal….

RT @NYSoul2x: The @artemis guys @anthonyyim @AndrewVanAken are doing some great Stablecoin stat summary on @TokenizedPod . Ep1 was a good s….

RT @Mega_Fund: Onchain lending continues to accelerate. There are now more than $28B in total open loans across the ecosystem, the highest….

RT @RoundtableSpace: DEFI: HYPERLIQUID GENERATED $1.7M IN FEES IN 24H. SURPASSING SOLANA, ETHEREUM & BITCOIN IN DAILY TRANSACTION FEES. So….

RT @crystaltaixyz: while tradfi banks take days off, @base just crossed $4.1 billion in stablecoin supply. crypto doesn't sleep https://t.c….

RT @theo_zananiri: Most people track prices. Some track narratives. A few track where the money really flows. Here’s a full tutorial on ho….

Did we miss a metric you care about? Let us know 👇.Check out the full dashboard on our terminal:

(5/6) Despite all this growth, Hyperliquid’s take rate has remained stable — indicating expansion is driven by organic demand, not fee manipulation.

(4/6) Supporting this: average transaction size has dropped from $100+ in 2023 to under $20 in 2025. This is a bullish sign of increased algo trading — small, frequent trades fueling robust ecosystem activity.

(3/6) These trends indicate a shift toward professional and algorithmic trading, rather than just speculative retail activity.

(2/6) Activity metrics reinforce this trend. Since TGE:. 1. Volume per DAU has doubled.2. Transactions per DAU have also doubled.3. Average monthly volume per user is nearing $10M.4. The platform now handles 600K+ transactions per user monthly

(1/6) Since Dec 2024, Hyperliquid’s Average Revenue Per User (ARPU) has surged — climbing from $1,776 to over $2,953/month. This reflects stronger monetization and higher user stickiness.

🔥 $HYPE New Metrics Dashboard Drop: Hyperliquid. We built a custom metrics dashboard for a very special project: Hyperliquid. New alpha metrics:.• HyperEVM TVL.• ARPU.• Volume/User.• Tx/User.• Volume/Tx.• Take Rate. Here are key takeaways from these metrics🧵👇.

RT @vikramcantsingh: @kevinlhr88 pushing out amazing content this summer. go give this a read!.

RT @artemis: (2/6) Hyperliquid’s Evolution Into a General-Purpose L1:. With HyperEVM, staking, lending, and stablecoins, Hyperliquid is bui….

RT @artemis: (5/6) Using a sum-of-the-parts model with Robinhood & Coinbase as comps, we estimated Hyperliquid’s fair FDV is at $51.05B–$59….

RT @artemis: (1/6) Significant Potential in Spot Market:. Hyperliquid’s on-chain CLOBs and Hyper Unit protocol uniquely position it to gain….

(6/6) 🔚 TL;DR. From CLOBs to HyperEVM to native liquid staking, Hyperliquid is building a comprehensive, usage-driven ecosystem. Hyperliquid isn’t just leading the next wave of DeFi, it’s setting the new standard for how crypto ecosystems are built. 🧠 Read the full report.

(5/6) Using a sum-of-the-parts model with Robinhood & Coinbase as comps, we estimated Hyperliquid’s fair FDV is at $51.05B–$59.6B. At a $40B FDV, Hyperliquid is not as expensive, if not undervalued, given its strong fundamentals and impressive ecosystem growth.