Hyperliquid Generates $105M in September Revenue as HYPE Price Eyes Rally

Hyperliquid generated approximately $105 million in revenue during September 2026, highlighting the expansion of its business beyond perpetual futures trading fees. According to Grayscale’s October 30 report, the platform is generating more income from third-party markets, distribution partners, and USDC reserve yields. Meanwhile, the HYPE price is showing signs of a potential recovery, with buyers defending the $88 support zone. A breakout above $92.50–$94 could strengthen bullish momentum and bring the $102 price target into focus. Grayscale’s October 30 report examined how Hyperliquid has diversified its revenue sources while maintaining relatively stable income.