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CryptoProtocol revenueCapital marketsStablecoinsSpot DEX and aggregatorsPerpetuals DEX
+200M in yearly revenue for hyperliquid cos of coinbase+usdc partnership to internalize the yield from all of the stablecoins on their chain this will scale very well

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AQAv2 has now been live for over a month and first distributions have occurred to the Hyperliquid Assistance Fund. Based on the chain rate and current outstanding USDC supply of 7.3Bn Hyperliquid is looking to net an additional 200M/yr of revenue. Aligned stablecoin monetisation is a fantastic way to grow Hyperliquids revenue and all products (spot, perps, HIP-3, HIP-4) act as a forcing function for revenue growth without fee increases. $HYPE

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Library as of 2026-10-22