- Hyperliquid surpassed $1 billion in cumulative revenue, helping HYPE climb 6% as strong fundamentals supported investor confidence.
- Despite whale profit-taking, analysts believe HYPE could target $80 if the $60 support level holds.
Hyperliquid (HYPE) has gained 6% as the protocol crossed a major financial milestone. While some large investors have taken profits, the platform’s strong revenue growth and token buyback strategy continue to support bullish sentiment.
The decentralized derivatives exchange has distinguished itself by generating consistent protocol revenue instead of relying on speculation. With trading activity remaining strong, many investors are watching whether HYPE can extend its rally toward the next major resistance level.
Hyperliquid Surpasses $1 Billion in Revenue
Hyperliquid has exceeded $1.02 billion in cumulative protocol revenue, marking a significant achievement for the fast-growing DeFi platform. At the same time, its annualized revenue run rate has approached $840 million, placing it among the highest-earning decentralized finance protocols.
The platform has benefited from steady growth in derivatives trading throughout the year. Higher trading activity has translated into stronger fee generation, giving Hyperliquid a revenue stream that few crypto projects can match.
This performance has strengthened confidence among investors who increasingly value projects backed by sustainable business models instead of market hype alone.
Buyback Program Continues to Reduce Token Supply
One of Hyperliquid’s strongest advantages remains its aggressive token buyback system.
Market estimates suggest that between 97% and 99% of protocol fees are directed toward ecosystem support and buying back HYPE tokens. As more fees are collected, additional tokens are purchased and removed from circulation.
$HYPE is showing what real protocol revenue looks like
Hyperliquid has now surpassed $1.027B in cumulative revenue, with an annualized run rate pushing toward $840M.
With 97 to 99% of fees directed into the buyback and burn mechanism, the ecosystem is creating a powerful… pic.twitter.com/4kUHPUVikQ
— AYprotocols® (@AYprotocols) June 29, 2026
This process helps reduce available supply while creating steady buying pressure in the market.
Meanwhile, Hyperliquid’s total value locked (TVL) has climbed to nearly $5.75 billion. The growing amount of capital locked within the protocol reflects rising user confidence and continued ecosystem expansion.
Whale Activity Raises Short-Term Questions
Despite the positive outlook, recent on-chain data has shown signs of profit-taking by large investors.
Major HYPE holders reportedly transferred around 77,400 HYPE tokens, valued at approximately $5.18 million, to centralized exchanges over several hours.
🚨a16z-LINKED WHALE ROTATES: SELLS $5.18M HYPE, BUYS ETH!
An a16z-linked whale that previously accumulated a large $HYPE position is now selling, according to Lookonchain.
In the past hours: deposited 77,402 $HYPE (~$5.18M) to exchanges while withdrawing 485 $ETH (~$782K). pic.twitter.com/jYVyxEOHQj
— Crypto Banter (@crypto_banter) June 30, 2026
Such transfers often lead traders to expect increased selling pressure. However, the amount moved remains relatively modest compared to previous accumulation periods.
More importantly, HYPE has held its ground despite the exchange inflows. The market has continued absorbing the additional supply without triggering a sharp decline, suggesting that buyer demand remains healthy.
Can HYPE Reach the $80 Level?
After its recent rally, HYPE has entered a period of consolidation as traders look for the next direction.
The $60 price area has emerged as an important support level. As long as buyers continue defending this zone, analysts believe another move toward the $80 resistance level remains possible.
Still, further deposits from large holders could slow the pace of any short-term rally if profit-taking increases. For now, the broader technical outlook remains positive while HYPE trades above its key support.
Strong Fundamentals Continue Supporting Hyperliquid
Hyperliquid continues to stand out in the decentralized finance sector because of its ability to generate substantial revenue from real trading activity.
Its expanding revenue base, rising total value locked, and consistent buyback program provide a stronger foundation than many projects that depend largely on speculation.
Although whale selling may create temporary volatility, the protocol’s underlying growth continues to attract investor interest. If trading activity remains strong and revenue keeps increasing, Hyperliquid could remain one of the leading performers in the DeFi market over the coming weeks.
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