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Hyperliquid liquidity hits $8.8B, boosting revenue and fueling HYPE's 88% surge since August

Protocol Fundamentals
23 Sep 2026
AMBCrypto
View Source
Bullish
Hyperliquid liquidity hits $8.8B, boosting revenue and fueling HYPE's 88% surge since August

Hyperliquid's market liquidity reached a record $8.8 billion, surpassing last October's peak, driven by increased trading as Bitcoin recovered above $85K. This surge doubled Hyperliquid's daily revenue to $3 million in Q3, with a tripling in mid-August, fueling a nearly 4x increase in HYPE token buybacks. HYPE's price soared 88% to a new high of $96, with potential to surpass $100 later in Q4, though some institutional investors anticipate a possible short-term correction. Overall, renewed trading activity has significantly boosted Hyperliquid's financial performance and HYPE's market value.

As of September 23, 2026, at 13:21 WIB, HYPE trades at Rp1.735.625 on Pluang, showing a 3.98% gain in the last day. The token's market cap stands at Rp437.55 trillion, reflecting strong investor interest. Pluang data also shows a 58% buy order activity, indicating a positive sentiment among users.

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