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Hyperliquid's RWA perps boom eats HYPE revenue

4 statements, Aug 9, 2026 15:00 UTC to Sep 24, 2026 09:28 UTC
NewsAnalysis
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HYPEHYPERLIQUIDRWA
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Statements (4)

  1. Bearish

    Hyperliquid users borrowed $269 million against HYPE on Day One

    finance.yahoo.comHigh importance
  2. Bullish

    RWA trading surges on Hyperliquid

    theblock.coHigh importance
  3. Bearish

    Hyperliquid is likely to face revenue pressure as its RWA perps boom reduces the revenue backing HYPE, with open interest hitting a record high.

    coindesk.com
  4. Bearish

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

    coindesk.comHigh importance