According to CoinMeta, the Hyperliquid trading platform reported revenue of over $201.8 million in the second quarter of 2026, with the majority coming from perpetual contract transaction fees. At the same time, interest in opening accounts surged, making it the second-largest derivatives exchange. According to data analyst Ifreqs, $178.7 million of that revenue came from perpetual contract fees, indicating that trading remains the platform's main source of income. The market capitalization of Hyperliquid is approximately $13.49 billion, with a daily trading volume of over $339 million, and the current circulating token supply is 252.54 million. Although token prices still fluctuate with the overall crypto market, strong trading activity provides investors with a reason to pay attention to this project.