Hyperliquid Generates Over $1.4B in Cumulative Revenue, Spends $1.26B on HYPE Buybacks

Castle Labs estimates Hyperliquid holds over 56% of on-chain perpetual open interest, reflecting its market position. Hyperliquid has generated more than $1.4 billion in cumulative revenue, according to research from Castle Labs. Of that amount, over $1.26 billion has reportedly gone toward open-market purchases of its native HYPE token. Meanwhile, data shows the decentralized exchange holds more than 56% of the on-chain perpetuals market by open interest. Hyperliquid Revenue Surpasses $1.4 Billion According to Castle Labs, Hyperliquid’s lifetime revenue has exceeded $1.4 billion, with earnings coming from several trading products and blockchain services.