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

Business Management
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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.

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

Source：CoinDesk

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Source：https://www.coindesk.com/business/2026/08/09/hyperliquid-s-rwa-perps-boom-is-eating-into-the-revenue-that-backs-hype