# Hyperliquid Revenue Tops $1.4 Billion as Perps Share Exceeds 56%

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/29363
Published: 2026-10-10T02:56:51.000Z
Updated: 2026-10-10T02:56:51.000Z
Section: Investing

> More than $1.26 billion has been used to buy back HYPE, while Builder Codes has connected third-party wallets and applications to Hyperliquid’s trading infrastructure.

Hyperliquid’s cumulative protocol revenue has exceeded $1.4 billion, while its share of onchain perpetual-futures open interest surpassed 56%.

More than $1.26 billion of the revenue has been used to buy back HYPE on the open market. The figures mark a continuation of [Hyperliquid’s earlier protocol revenue and HYPE buyback growth](<https://www.tokenpost.com/news/investing/28720>).

The platform has also expanded access to its trading infrastructure through Builder Codes. The system allows third-party wallets and applications to connect to Hyperliquid’s perpetual trading infrastructure without developing their own exchange systems.

Phantom received more than $25 million through Builder Codes, while MetaMask received more than $10.5 million.

## Links in this article

- [Hyperliquid’s earlier protocol revenue and HYPE buyback growth](https://www.tokenpost.com/news/investing/28720)