Hyperliquid generated approximately $713 million in revenue over the twelve months ending in early November 2026, mainly through fees charged on perpetual futures contracts. Monthly revenue ranged from $38 million to $74 million in 2026 before settling between $65 million and $74 million, equivalent to nearly $2.2 million per day. The platform routes most fees to the Assistance Fund, which uses them to buy back and burn HYPE tokens. However, the growth of third-party markets launched under the HIP-3 program could reduce the share of revenue retained by the core platform. Jeff Yan is also betting on tokenized assets, including large-cap equities traded against USDC since October 2026.
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