Back in the day, exchanges were just Binance and others, now it's HYPE and others. Big whales are all moving on-chain, and Hyperliquid's revenue in the past 30 days has surpassed $100 million. On October 31, according to DefiLlama data, Hyperliquid's revenue in the past 30 days reached $102.43 million, second only to Tether ($688.31 million) and Circle ($236.7 million).