Hyperliquid's revenue durability vs. Lighter
How diversified Hyperliquid's revenue is, how durable each line has been, and how it compares with Lighter.
Using Blockworks data, break down Hyperliquid's protocol revenue by product and show how diversified it is. Then assess how durable that revenue has been over the past 3 months, first for Hyperliquid as a whole and then for each product, and compare its revenue durability to Lighter's.