Hyperliquid Surpasses $1.4B in Revenue, Invests $1.26B in HYPE Token Buybacks
The decentralized exchange has established a dominant market position while aggressively repurchasing its native token.
The decentralized exchange has established a dominant market position while aggressively repurchasing its native token. Hyperliquid (HYPE) is trading at $84.99. This is an original Token Times brief synthesising 2 outlets (Live Bitcoin News, TronWeekly), with their figures cross-checked, plus live market data, as of Sun, 11 Oct 2026 09:45:01 UTC.
Hyperliquid's significant revenue generation and token buybacks demonstrate its financial strength and commitment to supporting its native token's value. The substantial on-chain perpetual market share further underscores its influence in the decentralized finance sector.
- Hyperliquid has generated over $1.4B in cumulative revenue.
- More than $1.26B has been spent on HYPE token buybacks.
- The platform holds 56% of the on-chain perpetuals market by open interest.
- HYPE token price shows modest 24h gain despite market flatness.
Live Bitcoin News and TronWeekly both report that Hyperliquid has generated over $1.4 billion in cumulative revenue and spent more than $1.26 billion on HYPE token buybacks. They also agree that the platform holds over 56% of the on-chain perpetuals market by open interest. However, while both outlets highlight the importance of monitoring token buyback activity, TronWeekly places additional emphasis on the need to track supply and demand dynamics.
Hyperliquid, a leading decentralized exchange, has achieved significant financial milestones according to research from Castle Labs, as reported by multiple outlets. The platform has generated over $1.4 billion in cumulative revenue, with more than $1.26 billion directed toward open-market purchases of its native HYPE token.
In addition to its revenue performance, Hyperliquid has established a dominant position in the on-chain perpetuals market. Data indicates that the platform holds over 56% of the market by open interest, reflecting its substantial influence in the decentralized finance sector.
These figures are corroborated by both Live 
Bitcoin News and TronWeekly, with both outlets citing the same revenue, buyback, and market share figures. However, TronWeekly adds a note about the importance of monitoring token supply, demand, and future buyback activity, suggesting a focus on the sustainability of these financial maneuvers.
The platform's Total Value Locked (TVL) stands at $346.15 million, according to DeFiLlama, marking a 1.1% decrease over the past week. This figure provides additional context to Hyperliquid's financial standing, showing a slight decline in overall value locked in the platform.
In the broader market context, the total crypto market cap is at $2.87 trillion, with the overall market remaining relatively flat. Bitcoin has seen a modest 24-hour gain of 0.30%, while the Fear & Greed Index sits at 61, indicating a 'Greed' sentiment. The HYPE token itself is currently priced at $85.01, showing a 0.72% increase over the past 24 hours but a 5.72% decrease over the past week.
Since this brief published about 12 hours ago, Hyperliquid (HYPE) has moved from $85.01 to $84.99 — -0.02%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹8,864.88 (about $84.99), up 0.9% over 24 hours. The rupee itself trades about 7.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
3 key figures independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid Surpasses $1.4B in Revenue, Invests $1.26B in HY — questions & answers
How much revenue has Hyperliquid generated?
Hyperliquid has generated over $1.4 billion in cumulative revenue.
What percentage of the on-chain perpetuals market does Hyperliquid hold?
Hyperliquid holds over 56% of the on-chain perpetuals market by open interest.
How much has been spent on HYPE token buybacks?
More than $1.26 billion has been spent on HYPE token buybacks.
How much is 1 Hyperliquid worth in rupee today?
About ₹8,864.88 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $84.99. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Live Bitcoin News, TronWeekly, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.