Hyperliquid's cumulative protocol revenue exceeds $1.4 billion, with perpetual contracts contributing nearly 90%

PANews reported on October 10 that, according to Castle Labs data, as of October 7, Hyperliquid's cumulative protocol revenue exceeded $1.4 billion, of which native perpetual contract revenue was $1.2 billion, accounting for 88.7%; spot revenue was $50.1 million, accounting for 3.6%; HIP-3 perpetual contract revenue was $29.2 million, accounting for 2.1%, with the remainder coming from auctions, USDC reserve yields, HyperEVM Gas, and more. According to Wu Blockchain, over $1.26 billion of this has been used to buy back HYPE.