Hyperion DeFi Posts Record Q2 Net Income of $31 Million as HYPE Holdings Rise 87%

Hyperion DeFi, a digital-asset treasury company built on Hyperliquid, posted record quarterly results despite a downturn in the crypto market.

The Block reported on Aug. 12 that Hyperion DeFi recorded net income of $31 million in the second quarter, more than tripling from $8.8 million in the previous quarter. It was the company’s second consecutive quarter of record earnings. Hyperion DeFi posted a net loss of about $9 million in the same period a year earlier.

The value of the company’s holdings of HYPE, Hyperliquid’s native token, increased about 87% to $133 million at the end of the second quarter from $71 million at the end of the first quarter. It held about 2 million HYPE as of quarter-end.

Chief Executive Officer Hyunsu Jung said Hyperion DeFi sharply expanded its HYPE holdings while building a range of Hyperliquid-based businesses and services and continuing to reduce costs. The company is presenting a new model for digital-asset treasury firms, he added.

Hyperion DeFi is also stepping up efforts to expand the ecosystem. The company said it will stake 500,000 HYPE in partnership with HIP-3 deployer Entropy. It also plans to provide another 500,000 HYPE to support Skew Technologies’ development of a HIP-4 prediction market.

The company, meanwhile, terminated its agreements with Native Markets and Felix following the shutdown of the USDH stablecoin service. It plans to use the 800,000 HYPE secured through that process to support other ecosystem projects.

HYPE was trading at $56.14 at the time of writing, up about 3% from 24 hours earlier. Hyperion DeFi shares also gained about 5% in after-hours trading following the earnings release.