[Wu Blockchain News] Hyperliquid Q3 Protocol Revenue Hits $190.9M, With USDC Reserve Yield Accounting for Nearly Half of Revenue Growth
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Hyperliquid’s Q3 protocol revenue reached $190.9 million, up 21.7% quarter-over-quarter but down 36.5% year-over-year, marking its highest quarterly total of 2026. The platform also posted a quarterly high of 65,161 daily active traders, and its Assistance Fund spent about $149 million on HYPE buybacks during the period. The results matter because they show Hyperliquid diversifying revenue beyond trading activity into reserve yield and priority fees even as annual comparisons remain sharply negative. What to watch next is whether USDC reserve yield and priority fees sustain their contribution in Q4 and whether buyback spending continues at the same pace.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
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Hyperliquid (HYPE), USDC, HYPE (HYPE), Hyperliquid Research Collective
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