According to @MilkRoadDaily, crypto firm Hyperliquid posted more net income than Nasdaq and generated $109M in net income per employee versus Nasdaq’s $123k, highlighting exceptional operating leverage and fee capture within crypto infrastructure (source: @MilkRoadDaily on X, Sep 24, 2025). Based on @MilkRoadDaily’s figures, that implies roughly 885x higher net income per employee than Nasdaq, underscoring an under-followed profitability narrative that the source says few outside crypto are discussing (source: @MilkRoadDaily on X, Sep 24, 2025).

According to @KookCapitalLLC, Hyperliquid now has the highest revenue per employee globally, putting exchange efficiency in focus for market participants; source: @KookCapitalLLC on X, Aug 20, 2025. According to @KookCapitalLLC, revenue per employee has been a major investor talking point around Tether for years, making the comparison relevant for crypto valuation narratives; source: @KookCapitalLLC on X, Aug 20, 2025. According to @KookCapitalLLC, increased awareness from traditional finance could drive further attention to Hyperliquid based on this efficiency metric; source: @KookCapitalLLC on X, Aug 20, 2025.