Hyperliquid Revenue Tops $1.4B as HYPE Momentum Weakens

DERIVATIVESHyperliquid Revenue Tops$1.4B as HYPE MomentumWeakens10IMPORTANCECLOSED1NEWS MEDIA1PIECESOct 10, 2026 02:59blockboard.net
In DeFi Derivatives

Hyperliquid’s cumulative revenue has passed $1.4 billion, and more than $1.26 billion has gone to HYPE buybacks. Builder Codes has also linked third-party wallets and applications to Hyperliquid’s trading infrastructure, with Phantom and MetaMask described as having earned millions through that setup. OpenETF is testing tokenized investment funds on the network, while open interest has been falling and HYPE is quoted near $84.41.

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What this rests on

Claim by claim, with its source
✓
Hyperliquid’s cumulative revenue has moved above $1.4 billion, and more than $1.26 billion has been used for HYPE buybacks.
Hyperliquid Revenue Tops $1.4 Billion as Perps Share Exceeds 56%
✓
Builder Codes has connected third-party wallets and applications to Hyperliquid’s trading infrastructure.
Hyperliquid Revenue Tops $1.4 Billion as Perps Share Exceeds 56%
✓
Phantom and MetaMask have earned millions through Builder Codes, extending Hyperliquid’s trading infrastructure beyond its own interface.
Hyperliquid Revenue Tops $1.4B as HYPE Momentum Weakens
✓
OpenETF is testing tokenized investment funds on the network, while HYPE trades near $84.41 and open interest is declining.
Hyperliquid Revenue Tops $1.4B as HYPE Momentum Weakens

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

Users and wallet providers are the most visible group touched by this update today, because Builder Codes has already tied third-party wallets and applications into Hyperliquid’s trading infrastructure. That reaches beyond Hyperliquid’s own interface and includes Phantom and MetaMask, which are described as having earned millions through the setup.

In practice, the network now has a large revenue pool behind it, with more than $1.26 billion spent on HYPE buybacks and cumulative revenue above $1.4 billion. The other concrete change is that Builder Codes has connected outside wallets and applications to the trading stack, while OpenETF is testing tokenized investment funds on the network.

Market reaction

HY Hyperliquid the event is about this asset from 2 h before to 4 h after the line marks the first headline
published
-0.20 % before publication
+0.01 % after
$84price at publication
12series points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

How the story was built

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 10 08:00
CN Crypto News Flash scoop
Breaks the event: $1.4B and $1.3B

Has this happened before?

WhenWhat happenedFigure
10 days ago ‘Every single exchange’ will have to adopt public blockchain infrastructure to compete, Hyperliquid Policy Center CEO says event 1 actors in common · 4 news media
10 days ago Hyperliquid to add options to platform, enhancing derivatives offerings event 1 actors in common · 2 news media
11 days ago Hyperliquid Open Positions Double in 2026 to Over 435K event 1 actors in common · 3 news media
12 days ago Hyperliquid perpetual contracts now available on Bloomberg Terminal event 1 actors in common · 8 news media
17 days ago HYPE options activity surges ahead of October 9th expiry event 1 actors in common · 2 news media