Svmuu News: il.hl, an analyst on the Hyperliquid ecosystem, released comparative data showing that Hyperliquid’s revenue per employee reached approximately $56.42 million, significantly higher than that of traditional financial institutions and crypto trading platforms. The comparative data shows: 1.Hyperliquid: Approximately $790 million in revenue, approximately $20.6 billion in valuation, 14 employees, and a profit margin close to 100%; 2. Robinhood: approximately $4.47 billion in revenue, approximately $97.2 billion in valuation, approximately 2,400 employees, and approximately 42% profit margin; 3. CME Group: approximately $6.52 billion in revenue, a valuation of approximately $88.5 billion, approximately 3,800 employees, and a profit margin of approximately 62%; 4. Nasdaq: Approximately $8.26 billion in revenue, a valuation of approximately $46.5 billion, approximately 9,200 employees, and a profit margin of approximately 22%. Analysis shows that Hyperliquid achieves extremely high efficiency under its “protocol-level infrastructure” model: revenue is nearly equivalent to net profit, and operating costs are close to minimal levels, reflecting a structural characteristic where “revenue does not grow linearly with headcount.”However, these current advantages are based on a phase where regulatory and compliance costs have not yet been fully factored in; if compliance pressures increase in the future, profit margins may narrow somewhat.