HYPE surges 79% in Q2, Hyperliquid RWA trading volume reaches 32.2%

Odaily Planet Daily reports that according to the Hyperliquid Research Collective’s Q2 2026 report, trading volume for real-world asset (RWA) perpetual contracts on the Hyperliquid platform continued to grow, with the share of HIP-3-related trading volume rising from 1.8% in the previous quarter to 20.7%, and further reaching 32.2% in Q2, achieving a quarterly trading volume of $213 billion—nearly one-third of the platform’s total trading volume. The report indicates that during Q2, the Hyperliquid ecosystem attracted increased attention from traditional finance, with three HYPE ETFs beginning trading and providing institutional investors unable to directly custody tokens with investment access. Meanwhile, asset management firms such as Hyperliquid Strategies have continued to build HYPE reserves, with funds and related treasuries currently holding approximately 7.7% of the total HYPE supply. On data metrics, HYPE rose 79% in Q2, reaching a new all-time high of $76.90, while Bitcoin declined 14% over the same period. After hitting a low in April, Hyperliquid protocol revenue resumed growth, reaching $169 million in monthly revenue by quarter-end, with cumulative protocol revenue surpassing $1 billion—$1.41 billion of which was returned to holders via buybacks.