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Hyperion DeFi Triples Profits to US$31M, Defies DAT Sector Slump
- Hyperion’s record Q2 performance was driven by substantial gains in its HYPE treasury, alongside higher adjusted gross profit and lower operating expenses.
- The company is putting more of its HYPE holdings to work through commitments to Entropy and Skew, following the end of two earlier agreements.
- Its results contrast with wider digital asset treasury companies facing pressure from falling crypto prices and weaker balance-sheet gains.
Hyperion DeFi has posted US$31 million (AU$44.02 million) in second-quarter net income, more than three times its US$8.8 million (AU$12.50 million) result from the previous quarter. It was the company’s second straight quarterly net income record.
The company’s HYPE holdings were valued at US$132.6 million (AU$188.29 million) at quarter-end, compared with US$71 million (AU$100.82 million) in March. Its treasury contained 2.04 million HYPE tokens on 30 June, up from 1.94 million three months earlier. Treasury gains climbed to US$54.8 million (AU$77.82 million), versus US$21.5 million (AU$30.53 million) in the first quarter.
Related: Tokenised RWAs Now Drive One-Third of Hyperliquid Trading
Treasury Tokens Find New Uses
Hyperion’s stronger results stand apart from a digital asset treasury sector facing weaker conditions as falling crypto prices erode balance-sheet gains, with some companies slowing purchases or selling tokens. Hyperion is using its HYPE treasury in new arrangements supporting activity on Hyperliquid.
The company agreed to stake 500,000 HYPE with HIP-3 deployer Entropy and commit another 500,000 HYPE to Skew Technologies for planned HIP-4 outcome markets. Those commitments came after Hyperion ended agreements with Native Markets and Felix following the discontinuation of USDH, releasing 800,000 HYPE for other uses. Adjusted gross profit rose 20% to US$1.15 million (AU$1.63 million), while operating expenses excluding stock-based compensation fell 21% to US$2.3 million (AU$3.27 million).
Related: BlackRock Says Bitcoin Sentiment Is Shifting as ETF Investors Keep Buying the Dip
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
