- HYPE reportedly gained 30.66% from its marked support entry, while the post says price is nearing its previous all-time high again.
- Revenue in September was $105 million, of which 64% came from core trading fees and approximately $38 million from non-core sources.
- HIP-3 expansion and regulated US market access could introduce additional trading activity and revenue opportunities.
Hyperliquid price outlook now centres on HYPE’s rally, revenue mix, and expanding market infrastructure. Its market narrative combines technical recovery claims with September protocol revenue and adoption data.
HYPE Rally Follows a Recovery From Technical Support
It also described the token as approaching its previous all-time high.
The accompanying market commentary describes prolonged trading beneath descending resistance. Price then revisited horizontal support, where buyers reportedly returned. A subsequent trendline break changed the near-term chart structure for the observed trading period.
That sequence offers context for the reported gain, but not proof of future direction. The post frames support and breakout confirmation as bullish, not as a guaranteed target. The earlier supplied chart, however, showed HYPE at $88.34, down 4.37% over 24 hours.
Those snapshots represent various moments of the market and are not simultaneous. The weak period is not canceled out by the later rally. Traders therefore need to assess each price structure against its own timestamp.
September Revenue Shows a Broader Income Structure
Grayscale’s projected revenue for September 2026 is approximately $105 Million. This was the same as in September 2025, when revenue was approximately $108 million.
The more notable change concerns the sources behind that income. Core trading fees represented around 64% of September revenue. Their share had exceeded 90% during mid-2025.
Non-core revenue reached approximately $38 million, doubling year over year. The chart attributes income to spot trading, USDC reserve yield, and builder fees. It also includes HIP-3 deployer fees and other onchain charges.
The monthly revenue was previously maxed out around $122 million in August 2025. It later dropped to about $65 million to $75 million. The September recovery to $105 million came with a broader mix of revenue contributors.
HIP-3 Expansion Introduces Additional Growth Channels
HIP-3 gives third-party deployers a route to launch perpetual markets. These markets can cover assets beyond conventional cryptocurrency pairs. The chart records deployer fees as a growing revenue category over recent months.
Builder-code fees also reflect activity through external trading interfaces. Such integrations can extend distribution beyond Hyperliquid’s own front end. Spot trading and onchain charges add further income channels.
Grayscale also pointed to possible regulated U.S. market access. Payward plans to become the first CFTC-regulated HIP-3 deployer. ICE has partnered with Trade[XYZ] to develop regulated perpetual futures markets.
These plans could broaden participation, although deployment and regulatory steps remain outstanding. Reserve yield also depends on USDC balances and prevailing interest rates. Trading fees remain exposed to changes in market activity.
For HYPE, the price narrative and protocol revenue tell related, but different stories. A breakout requires price to hold reclaimed support and challenge prior highs. Revenue diversification offers another measure of progress, but does not guarantee token appreciation.
