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Hyperliquid Q3 revenue hits $190.9M, up 21.7% QoQ, driven by USDC yield and rising trading activity

13 Nov 2026, 18:52 WIB
Blockonomi
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Bullish
Hyperliquid Q3 revenue hits $190.9M, up 21.7% QoQ, driven by USDC yield and rising trading activity

Hyperliquid generated $190.9 million in revenue in Q3, a 21.7% increase from the previous quarter but down 36.5% year-over-year, marking its highest quarterly total in 2026. Nearly half of the revenue growth came from a $17.3 million USDC reserve yield, while trading and network revenue rose 10.7% to $173.6 million. The Assistance Fund spent $148.7 million on HYPE buybacks, buying fewer tokens due to higher prices. User activity grew with a 20% increase in daily active traders and a 50% rise in third-party app fees. Equity perpetuals trading surged 161% QoQ, driven by Korean stocks, while regulatory moves hint at future US market access.

Hyperliquid's Q3 revenue reached $190.9 million, marking a 21.7% increase from the previous quarter. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 13, 2026 23:32 WIB: out of 50 priced assets, 19 rose and 30 fell. Notable movers include EOS at Rp12.649 (+8.13%), ONE at Rp27 (-9.66%), and BAT at Rp2.037 (-7.11%).

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