CoinEx News: Hyperliquid Research Collective’s Q2 2026 report, released on August 5, said HYPE gained 79% during the quarter and reached a $76.90 all-time high. The report put protocol revenue at $169 million, with $141 million used for token buybacks; it also said real-world-asset perpetuals on HIP-3 accounted for 32.2% of matched volume, or $213 billion. HIP-3 lets outside teams list perpetual markets on Hyperliquid’s order book.

HYPE has since pulled back from the quarterly high and recently traded in the $55–$57. Market commentary has cited institutional profit-taking and ongoing token unlocks as factors in the correction. Near-term attention is on whether $55 holds and whether HYPE can clear the $58–$60 zone; monthly unlocks, profit-taking, and broader crypto sentiment remain the main variables.