10x Research: Hyperliquid's cumulative protocol revenue surpasses $1.16 billion

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Golden Finance reports that 10x Research released a market analysis indicating that HYPE tokens broke through multiple resistance levels, reaching a historic high of $76.90 on June 16, 2026.
This caused a monthly increase of over 90%, bringing its market cap close to the top ten.
The surge past $70 within a day triggered approximately $11.5 million in short liquidations, severely impacting leveraged short traders and accelerating the token's upward momentum.
Hyperliquid's cumulative protocol revenue surpassed an astonishing $1.16 billion, making it one of the highest-earning entities in the entire Web3 space.
On June 14, Hyperliquid's total open interest (OI) exceeded $6 billion, accounting for 8.3% of the global perpetual futures market, setting a new record.
Coinbase has officially become Hyperliquid's primary USDC liquidity provider, significantly enhancing and securing the stablecoin infrastructure for the platform's high-frequency trading environment.
In late May, the protocol completed a core Layer-1 upgrade, expanding its active validator nodes from 24 to 27 to strengthen network security and decentralization, with total value locked (TVL) approaching $6.38 billion.
HYPE-2.35%
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