Cointime reports: Hyperliquid protocol revenue reached $190.9 million in the third quarter, up 21.7% quarter on quarter and the highest single-quarter figure of 2026, Hyperliquid Research disclosed on November 13. Two new revenue streams drove most of the growth: USDC reserve yield generated $17.3 million since August 27, about half the quarterly increase, while priority fees rose 3.3x to $9.6 million. Together they accounted for 14% of Q3 revenue without requiring additional trading volume.
Hyperliquid Q3 revenue hits $190.9M, up 21.7% QoQ
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