Hyperliquid booked nearly $105 million in September revenue
BROBROK News · Based on reporting by DiarioBitcoin ·
Hyperliquid reported about $105 million in revenue in September despite a weak crypto market. Grayscale says part of that resilience came from a Coinbase deal that sends Hyperliquid 90% of the interest earned on roughly $6 billion in customer deposits tied to USDC.
Key points
- Grayscale says Coinbase passes on 90% of the interest from about $6 billion in deposits.
- Hyperliquid's September revenue came in at about $105 million.
- Trading-related crypto income fell to 64% of total revenue.
- Interest income is described as one of the platform's most stable sources.
- USDC became Hyperliquid's main trading currency, overtaking USDH.
Why it matters
The report shows how a crypto exchange can lean on treasury and deposit income to soften the impact of weaker trading activity. It also underlines the role stablecoins can play in shaping revenue and liquidity on on-chain markets.
Original headline: “Hyperliquid gana USD $105 millones en septiembre gracias a intereses de depósitos”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.