The post Hyperliquid sees daily revenue climb to highest level since November appeared on BitcoinEthereumNews.com.

Hyperliquid posted its strongest daily revenue in a month, with DefiLIama data showing daily revenue spiking to $4.3 million, its highest level since November last year. The surges come as the protocol maintains roughly $4.58 billion in TVL and an annualized run rate near $786 million. Perpetual contract (perp) fees, which have consistently accounted for the majority of Hyperliquid’s earnings, were the main driver of the latest revenue spike. Gross protocol income in January 2026 was $71.88 million, of which $63.86 million came from perp fees, $1.92 million from spot fees, and $5.65 million from builder code fees. Incentives and strong trading push Hyperliquid revenue to $4.3M DifiLiama data revealed that daily revenue reached $4.3 million, driven by ongoing incentive programs and liquidity provision. Strong trading activity and user engagement also contributed to revenue growth, with a cost of revenue of $7.4 million and a gross profit of $64.48 million. The protocol’s annualized earnings are currently $685.47 million. Daily trading is still strong with $HYPE 24-hour volume reaching $701.76 million, and $4.22 billion in DEX volume over 30 days. Currently, the $HYPE token is trading at $29.69%, up 0.8% in the last 24 hours. That is an increase of 18.2% from last month and a 10% increase year-to-date. However, the token is down 48% from its all-time high of $59.30 in September of last year. Building on this momentum, on January 26, 2026, Hyperliquid’s decentralized derivatives ecosystem attained a significant milestone when open interest on its HIP-3 perpetual futures markets reached a record $793.27 million. This resulted from traders’ desire for more exposure to actual assets and commodities. Hyperliquid announced the milestone on the social media platform X, noting that open interest in its HIP-3 structure has grown amid the ongoing boom in commodities trading. Factually, HIP-3, or Hyperliquid Improvement…

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Filed under: News - @ January 31, 2026 5:28 pm