Hyperliquid’s revenue plummets! • Early Q3/Q4: Average monthly income has stabilized at $100M+, which is its peak. • December data: halved to ~$55M. It’s not that the market is out of money, but that the opponents are too cruel. Under the pressure of Aster and Lighter's point blood sucking, HL's true fee moat finally fell in December. ​When a monopoly-level DEX’s revenue shrinks by 50% in 30 days #Hyperliquid #crypto