Hyperliquid’s Rise From $13.5M Exploit Loss to $72.3M Monthly Profit

Hyperliquid (Hype) shot his more established rivals to become the most profitable blockchain network in May 2025, according to new data from Cryptorank.io.

The network reported no less than $ 72.3 million in gross profit last month. These achievements exceeded industrial heavyweights such as Tron, which resulted in $ 58.3 million, and Ethereum, at $ 21.8 million.

This data, visualized in a graph of Cryptorank.io and Artemis.xyz, emphasizes what a growing trend seems to be: Defi platforms from the next generation such as hyperliquid quickly gain ground on legacy chains, not only in the interest of users, but also in the actual generation of income.

Other remarkable figures in the May profitability report include the basis with $ 5.8 million, Solana for $ 4.7 million and BNB chain with $ 1.5 million. Arbitrum and internet computer followed the best contenders and registered $ 953,000 and $ 866,000 respectively.

Related: The transparent model of hyperliquid gains strength as the hype rises 8% despite weekly dip

From exploit collapse to large comeback

What makes the highest ranking of hyperliquid so remarkable is that it follows a dramatic collapse a few months ago. In March the platform was turned upside down by a large exploit in his Jellymarkt. A user successfully manipulated the Index Prize, which in turn wrongly blown up asset values ​​on the platform. The consequences of this incident was serious.

The Hyperliquid Kluis, which acts as the internal market maker and the revenue generator of the platform, remained “under water” with a considerable $ 13.5 million. In response, the team of the protocol has made a controversial but decisive move: they have violently established the affected market at a price of $ 0.0095. This was far under the manipulated, oracle-fed price of $ 0.50 that the attacker had operated.

This necessary but difficult decision led to a sharp fall in platform confidence. The total value locked (TVL) on Hyperliquid fell from a peak of $ 510 million to $ 150 million. At that time, the native hype -token was also a price decrease of 20%. Yet that Bearish story did not last very long.

Dealer James Wynn’s activity helped restore trust

The most important catalyst for the recovery of Hyperliquid seems to be James Wynn, a trader with high -effort derivatives that soon became a legend within the hyperliquideco system. Wynn exchanged publicly massive positions of a total of more than $ 100 million on the platform. His activity, which included both huge victories and dramatic losses, served as a powerful, real-world demonstration of hyperliquid’s ability to process enormous liquidity without significant slips.

His high -profile trade led to a wave of renewed interest and bullish sentiment. This, in turn, helped to quickly restore confidence in hyperliquis in the wider crypto community.

Related: Crypto trader James Wynn’s $ 100 million peak comfort decimated in “$ 25m+ matrix attack”

Vault TVL rises 156%; Offers a competitive yield of 13.7%

Fast forward to today, and the recovery of the platform is clear in the figures. According to Defillama data, the revenue Kluis from Hyperliquid increased from $ 163 million to $ 418 million at the beginning of June. That is an impressive increase of 156% in just two months.

Currently, the Hyperliquid Vault offers a very competitive annual interest rate of 13.69%. This yield surpasses the average return of 9.1% that is currently being seen in most of the leading protocols. With such competitive returns and now proven liquidity strength, Hyperliquid is increasingly positioning itself as a potential backbone for a new era in decentralized financing.