Hyperliquid revenue tops $1.4 billion with over $1.26 billion in HYPE buybacks

Decentralized exchange Hyperliquid has generated revenue exceeding $1.4 billion, with more than $1.26 billion allocated to open-market HYPE token buybacks, research from Castle Labs shows. The platform continues to dominate the onchain perpetuals market, maintaining over 56% control by open interest and highlighting its substantial presence within the crypto derivatives sector. Hyperliquid’s revenue model integrates derivatives trading activity with a significant token buyback strategy. According to various data sources, cumulative HYPE buybacks reached approximately $1.36 billion as of October 10, 2026.

Source: CoinTurk News