10xResearch: Hyperliquid's cumulative agreement revenue exceeds $1.16 billion

10xResearch released market analysis stating that HYPE tokens broke through multiple resistance levels and hit a record high of US$76.90 on June 16, 2026. This gave it a gain of more than 90% for the month and put its market value close to the top ten. The rally above $70 triggered short liquidations of approximately $11.5 million in one day, hitting leveraged short traders hard and accelerating the token's rise. Hyperliquid's cumulative protocol revenue exceeded a staggering $1.16 billion, making it one of the highest-grossing entities in the entire web 3 space. On June 14, Hyperliquid's total open interest (OI) exceeded US$6 billion, accounting for 8.3% of the global perpetual futures market, setting a record high. Coinbase has been officially integrated as Hyperliquid's primary USDC liquidity provider, significantly enhancing and ensuring the platform's stablecoin infrastructure for its high-frequency trading environment. In late May, the protocol completed a core Layer-1 upgrade, expanding its number of active verification nodes from 24 to 27 to strengthen network security and decentralization, at which time the total lock-in value (TVL) was close to $6.38 billion.