According to @ThinkingUSD on Twitter, Bloomberg highlighted Hyperliquid, a crypto derivatives platform, noting its potential to deliver equity-like rates of return for traders. The platform's underlying assets are primarily perpetual futures contracts on major cryptocurrencies such as Bitcoin and Ethereum, which are supported by deep on-chain liquidity and automated market-making protocols (source: Bloomberg via @ThinkingUSD, May 14, 2025). Revenue for Hyperliquid is derived from trading fees on leveraged products and liquidity provision incentives, which enables the platform to offer attractive yields and maintain high trading volumes. This model positions Hyperliquid as a key player for traders seeking equity-level returns in the digital asset market, impacting overall crypto market liquidity and volatility.