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Hyperliquid

<h2 class="wp-block-heading" id="strong-key-points-strong"><strong>Key Points</strong></h2>
<ul>
 <li>HYPE drops 9% after Arthur Hayes exits with $823K profit.<br></li>
 <li>Market dominance falls from 86% to 62% in under a month.<br></li>
 <li>Revenue surpasses $700M despite growing competition.<br></li>
</ul>
<p>Hyperliquid’s HYPE token is under pressure after Arthur Hayes <a href="https://coincu.com/markets/arthur-hayes-hype-token-sale/" rel="noopener noreferrer nofollow">sold</a> his entire 96,628 HYPE position worth $5.1 million. The trade, which closed with a $823,000 profit equal to a 19.2% gain, followed just a month of holding.</p>
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<p>HYPE is now trading at $49.05, marking a 0.34% hourly dip, a 7.39% 24-hour fall, and an 8.29% weekly loss. The sudden selloff from Hayes, who once projected massive upside, has sparked doubts about near-term market sentiment.</p>
<h2 class="wp-block-heading" id="strong-market-share-declines-but-revenue-growth-holds-strong"><strong>Market Share Declines but Revenue Growth Holds</strong></h2>
<p>HYPE’s dominance in the perpetuals market has dropped sharply, sliding from 85.98% on August 27 to 62.36% by September 22. This 23.6-point collapse coincides with rising competition from Aster at 11.15% and MYX Finance at 8.44%.</p>
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<p>Smaller platforms also gained traction, with APX capturing 2.90% and Avantis reaching 2.74%. Meanwhile, Jupiter held steady at 7.29% and dYdX maintained around 2.4%, reflecting broader diversification in market activity.</p>
<p>Despite weakening dominance, Hyperliquid continues to generate substantial revenue, surpassing $700 million in September 2025. Daily inflows frequently ranged between $2 million and $4 million earlier this year, with peaks above $6 million.</p>
<figure class="wp-block-image aligncenter size-large"><img src="https://coincu.com/wp-content/uploads/2025/09/image-158-1024x417.png" alt="">
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  Hyperliquid Revenue | Source : Dune
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<p>Since December 2024, <a href="https://coincu.com/news/hyperliquid-surges-revenue-competitors/" rel="noopener noreferrer nofollow">cumulative revenue</a> has accelerated, with notable surges in July and August boosting the platform’s monetization capacity. This steady growth highlights resilience, even as rivals gain ground and competitive pressures intensify.</p>
<p>Sustaining such revenue momentum may support Hyperliquid in navigating the evolving competitive landscape. However, investor confidence will depend on whether the platform can maintain scale while defending its market position.</p>
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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</figure> <a href="https://coincu.com/?p=363798" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Hyperliquid HYPE Slumps 9% as Market Share Drops Sharply

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