Hyperliquid has generated $429 million in revenue through mid-September 2026, leading all non-stablecoin crypto platforms amid a challenging market where bitcoin prices fell nearly 40%. The platform's strong performance highlights the resilience of crypto trading and speculative activities, which collectively brought in $3.4 billion, excluding stablecoin issuers. Other notable earners include Pump.fun and trading terminals like Axiom Pro and GMGN, showing that simplifying market access can be highly profitable. Despite a bearish market, crypto-related businesses continue to generate over $1 billion monthly, signaling a robust revenue engine beyond price fluctuations.
Hyperliquid's recent revenue milestone provides context for crypto market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 21, 2026 19:56 WIB: 47 of 50 major cryptocurrencies rose today. Notable price changes include XLM at Rp3.733 with a 10.54% increase and DOGE at Rp1.661 with a 10.44% increase.
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