Hyperion DeFi's $31M profit highlights HYPE as crypto market slumps
Hyperion DeFi, the first U.S.-listed company building on Hyperliquid, reported record Q2 net income of $31M, up from $8.8M in Q1. The company attributed gains to higher valuation of its HYPE holdings, about 2M HYPE worth $133M at end-June. Adjusted EBITDA was $53.7M and shares rose ~5% after hours.





