Hyperliquid RWA Volume Share Jumps to 32.2% in Q2 as HYPE Surges 79%

Hyperliquid Q2 data reveals RWA perp volume hit $213B, representing 32.2% of total activity. HYPE price rose 79% to $76.90 ATH while protocol revenue exceeded $1B cumulative.

Woofun AI data shows that Hyperliquid’s Q2 2026 report indicates Real World Assets (RWA) perpetual contract volume reached $213 billion, accounting for 32.2% of the platform's total trading activity. The share of HIP-3 related transactions climbed from 1.8% in the prior quarter to 20.7%, eventually settling at 32.2% for the period.

HYPE appreciated by 79% during the quarter, achieving a new all-time high of $76.90, contrasting with a 14% decline in Bitcoin. Three HYPE ETFs commenced trading to facilitate institutional access, while fund managers and treasuries accumulated approximately 7.7% of the total supply. Protocol monthly revenue closed at $169 million, pushing cumulative earnings past $1 billion, with $141 million distributed to holders via buybacks.