HyperLiquid's First Half Fees Up 31%, Revenue Down 3.8% = 21Shares

2026/08/21 17:55 (Updated 2026/08/21 18:02)

CoinPost

Written by Enzo

HyperLiquid's First Half Fees Up 31%, Revenue Down 3.8% = 21Shares

Increased Fees Yet Decreased Revenue

On the 20th, Switzerland-based major cryptocurrency ETP issuer 21Shares released its financial analysis for the first half of 2026 for the cryptocurrency derivatives exchange HyperLiquid (HYPE). According to research analyst Matt Mena, while total fees increased by 31% year-over-year to $419.3 million, core revenue returned to the protocol's treasury decreased from $317.5 million to $305.3 million, a decline of 3.8%.

...

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30

Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more

MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30