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).