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Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE

Covered by 1 source · 1 article

Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.

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Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE

CoinDesk 1h ago

Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE

Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.