HYPE rises over 60% YTD as Hyperion reports 64% QoQ Q4 revenue growth

Hyperion, a publicly listed U.S. DeFi company tied to Hyperliquid's HYPE ecosystem, said Q4 revenue increased 64% QoQ while adjusted gross profit jumped 87% and core operating expenses fell 30%. Over the last 24 hours, Hyperliquid recorded about $1.51 million in revenue that was used to buy back roughly 36,745 HYPE and remove them from circulation. HYPE was up more than 60% year-to-date, moving from under $25 to nearly $40 at the time of writing.