ChainCatcher reported that, according to a disclosure by X user @vonzz6, Polymarket’s 24-hour revenue surpassed Hyperliquid for the first time during the World Cup. Under the referenced ranking, Polymarket became the third-largest project by 24-hour revenue, behind only Tether, the issuer of USDT, and Circle, the issuer of USDC.
The disclosed information places Polymarket ahead of Hyperliquid for that 24-hour measurement period, while Tether and Circle remained in the top two positions. The original news item did not provide specific revenue figures for Polymarket, Hyperliquid, Tether, or Circle, nor did it include a detailed breakdown of how the revenue was composed.
The key update is the change in ranking during the World Cup period: Polymarket reportedly moved above Hyperliquid for the first time on a 24-hour revenue basis and ranked third after the two stablecoin issuers, Tether and Circle.