Hyperliquid Generated $105 Million in September 2026 Revenue

Hyperliquid generated about $105 million in revenue in September 2026, roughly unchanged from a year earlier, as income from sources beyond its core perpetuals fees reached $38 million. Fees tied to perpetual contracts listed by Hyperliquid's team made up about 64% of September revenue. That share was down from more than 90% in mid-2025, marking a shift in the protocol's revenue mix even as the overall monthly total remained steady year over year. Revenue from non-core sources doubled from September 2025. These sources include third-party markets, distribution partners and yield from USDC reserves. Together, they contributed $38 million in September.