Hyperliquid fees hit 165.5 million USD in Q3: What it means for the Hyperliquid price

Published on 10/22/2026 at 07:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hyperliquid held 58 percent of on-chain open interest on October 21. The Hyperliquid price was 81.593 USD on October 22, 2026, up 1.65 percent.

Supply and trading activity

Hyperliquid traders paid 165.5 million USD in perpetual fees during Q3, 2026.
On-chain perpetual open interest reached a 58 percent share on October 21, 2026.
The Hyperliquid price stands at 81.593 USD as of October 22, 2026, 1.65 percent above the UTC daily close of October 21, 2026.
A scheduled payout of 3.75 million HYPE was recorded on October 6, 2026.

Hyperliquid, XCRYPTOHYPE5, Illustration mit AI erstellt.

Hyperliquid (HYPE) recorded 165.5 million USD in perpetual trading fees during Q3, according to TechFlow Post on October 21, 2026. The Hyperliquid price stands at 81.593 USD as of October 22, 2026, up 1.65 percent compared with the UTC daily close of October 21, 2026, according to Investing.com.

Q3 perpetual fees reached 165.5 million USD

TechFlow Post reported that traders paid 165.5 million USD in perpetual fees during Q3. Perpetual contracts are derivatives without a fixed expiration date. The report said 146.7 million USD of the Q3 fee total went to Hyperliquid's Assistance Fund, while 8.3 million USD went to market-maker rebates and 8.9 million USD to third-party HIP-3 deployers.

The same October 21, 2026 report said Hyperliquid represented 58 percent of on-chain perpetual open interest but 38.6 percent of trading volume. HIP-3 lets external teams launch perpetual markets using Hyperliquid's matching engine; each deploying team must stake 500,000 HYPE, according to TechFlow Post.

A 3.75 million HYPE payout occurred October 6

Tokenomist tracked a scheduled payout of 3.75 million HYPE on October 6, 2026, valued at 340 million USD at the time, BeInCrypto reported on October 18, 2026. The report said a co-founder described an off-exchange sale to one institutional buyer, without identifying the buyer or the transaction price, according to BeInCrypto.

Separately, CryptoTicker reported on October 21, 2026, that the Assistance Fund held 48.17 million HYPE. Its report described the fund as using trading-fee revenue to buy HYPE and remove acquired tokens from supply, according to CryptoTicker.

Investing.com lists 20.55 billion USD market value

According to Investing.com, the Hyperliquid price is 81.593 USD as of October 22, 2026, 1.65 percent above the UTC daily close of October 21, 2026. The daily high is 82.487 USD and the daily low for the UTC day is 79.522 USD. Market capitalization is 20.55 billion USD, ranking HYPE 10th, while 24-hour volume is 842.18 million USD. Circulating supply is 253.87 million HYPE.