Having an extra ~$180M in annual revenue is obviously bullish.
But the real bullish part is not just the number.
It is Coinbase and Circle putting their weight behind Hyperliquid.
USDC becoming the aligned quote asset means two of the most important regulated crypto companies are now economically and strategically incentivized to support Hyperliquid’s growth, reputation and regulatory positioning.
The revenue matters, but the institutional backing may matter even more.
Hyperliquid