HYPE Price Slips Despite Hyperliquid’s Strong Q2 Revenue and RWA Growth
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In crypto markets, Hyperliquid’s RWA perpetuals jumped from 1.8% to 32.2% of platform trading volume in Q2, signaling rising institutional adoption, while the protocol burned $1.28M HYPE, cutting total supply by 4.75% and reporting strong revenue. Despite stronger RWA and monetization metrics, derivatives volume fell and HYPE traded at $55.83 (down 2.86% 24h) with a $14.09B market cap, though sizable long positions persisted across exchanges.
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- HIP-3 RWA perpetuals rose from 1.8% to 32.2% of Hyperliquid’s trading volume.
- Hyperliquid burns $1.28M HYPE as total supply reduction reaches 4.75%.
- Derivatives volume fell, but traders maintained sizable long positions across exchanges.
HYPE price remained under pressure even as Hyperliquid reported strong second-quarter trading activity, rising institutional exposure, and continued token burns tied to protocol revenue.
The token traded at $55.83 at the time of writing, down by 2.86% over the previous 24 hours, while its market capitalization stood at $14.09 billion. The figures came as Hyperliquid disclosed that real-world asset (RWA) perpetual contracts accounted for nearly one-third of its quarterly trading volume, marking a shift in activity across the platform.
RWA Perpetual Trading Reaches One-Third of Platform Volume
According to sources, the tradin…
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