Hyperliquid’s HYPE token surged 79.2% to a new all-time high of $76.90 on June 16, outperforming Bitcoin by 93% in Q2 while the broader crypto market declined 14.1%. The protocol reached an annualized revenue run rate of approximately $840 million, with cumulative holder revenue surpassing $1 billion. The transition to USDC as the primary quote asset was approved by 69.1% of staked HYPE on June 12, with an estimated annualized holder yield of $135 million to $200 million. Three U.S. spot HYPE ETFs launched within an eight-week period and accumulated $309 million in net inflows. Hyperliquid Strategies generated $152.5 million in fiscal-quarter net income and holds 29.3 million HYPE in its treasury.
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