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HYPE token soars 79% in Q2, outperforming Bitcoin amid strong revenue and new US spot ETFs.

Protocol Fundamentals
05 Aug 2026
UToday
View Source
Bullish
pluang ai news

Hyperliquid's HYPE token surged 79.2% in Q2 2026, reaching a record $76.90 despite a 14.1% drop in Bitcoin. The protocol reported a 93% outperformance over Bitcoin, driven by recovering revenue and higher trading volumes, with annualized revenue hitting about $840 million. Hyperliquid also revamped its stablecoin infrastructure by adopting USDC, expected to generate $135-$200 million in annualized holder yield. Additionally, the launch of three US spot HYPE ETFs attracted $309 million in net inflows, signaling growing institutional interest.

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