A Month of Milestones: Hyperliquid’s Record Revenue and BitMEX’s Future Outlook

In a remarkable display of growth and innovation, Hyperliquid has set new benchmarks in the crypto industry. On September 2, 2025, coingape.com reported that Hyperliquid achieved its best month ever in terms of revenue, posting an impressive $106 million in August. This figure represents a 23% increase from July’s $86.6 million, underscoring a significant surge in trading activity. The platform’s trading volume soared to nearly $400 billion in perpetuals, pushing its cumulative volume beyond $2 trillion since 2023. This growth is largely attributed to the platform’s Layer-1 blockchain, HyperEVM, which offers high throughput and low-cost transactions, enabling a fully on-chain trading system that processes over $8 billion daily.

The rally in Hyperliquid’s fortunes was further bolstered by the HYPE token, which reached an all-time high (ATH) of $50.99 before retracing to $44. This surge was supported by whale accumulation and rising fees, highlighting the token’s growing appeal among investors. A significant portion of Hyperliquid’s earnings is directed towards its Assistance Fund, which has been actively buying back HYPE from the open market. Since January, the fund’s holdings have increased from 3 million to 29.8 million tokens, valued at over $1.5 billion.

Arthur Hayes’ Bold Altcoin Predictions

In another development, Arthur Hayes, the former CEO of BitMEX, has once again captured the attention of the crypto community with his bold predictions. On September 1, 2025, bitcoinist.com reported that Hayes identified three altcoins—ENA, ETHFI, and HYPE—as potential candidates for a 100-fold increase by 2028. In his blog post titled “Buffalo Bill,” Hayes outlined his rationale for these selections, emphasizing the innovative technologies and market dynamics that could drive their growth.

Stephan Lutz: A Rebel at the Helm of BitMEX

As BitMEX continues to navigate the evolving landscape of crypto futures, its CEO, Stephan Lutz, shares insights into his leadership style and vision for the platform. In an interview featured on CryptoSlate on August 31, 2025, Lutz described himself as a “rebel,” reflecting his approach to leading BitMEX, the industry’s longest-standing crypto futures exchange. Under his guidance, BitMEX has maintained its position as a key player in the perpetual trading space, adapting to changes and challenges in the market.

BitMEX Token Fundamentals

As of September 1, 2025, the BitMEX Token, a prominent cryptocurrency, closed at $0.288899. Over the past year, it has experienced significant volatility, with a 52-week high of $0.400492 on July 9, 2025, and a low of $0.0901373 on November 6, 2024. These fluctuations reflect the dynamic nature of the crypto market and the factors influencing investor sentiment.

In summary, the recent developments in the crypto industry highlight the innovative strides being made by platforms like Hyperliquid and the strategic foresight of leaders like Arthur Hayes and Stephan Lutz. As the market continues to evolve, these insights and predictions offer a glimpse into the potential future of cryptocurrencies.