Hyperliquid, a decentralized derivatives protocol, reportedly generated $38 million in revenue last month through third-party channels, including Builder Codes and HIP-3 markets, according to Grayscale. The protocol has accumulated more than $1.4 billion in lifetime revenue and has spent over $1.26 billion on HYPE buybacks. In prediction markets, the probability of HYPE reaching $100 by year-end fell from 81% to 74% over the past 24 hours. Market participants are monitoring upcoming announcements and strategic partnerships, as well as potential regulatory challenges and market downturns, over the next 62 days.
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