Hyperliquid Generates $429M as HYPE’s Price Hits All-Time High of $95

Hyperliquid has become the leading crypto revenue generator outside the two primary stablecoin issuers, earning $429 million by September 15. This growth occurred despite bitcoin dropping nearly 40% during 2026. Additionally, the platform reached an all-time high of approximately 291,900 monthly active addresses. While these metrics demonstrate a competitive edge in decentralized trading, the rapid expansion of Hyperliquid may lead to increased regulatory scrutiny as it leads a $3.4B crypto revenue pool.