Hyperion DeFi Hits Record as Crypto Market Slumps: Net Income Surges to $31 Million

Hyperliquid-focused treasury company Hyperion DeFi more than tripled its net income to $31 million in the second quarter, while the value of its HYPE assets rose to $133 million, sending the company’s shares up approximately 5% in after-hours trading.

While publicly traded digital asset treasury companies faced pressure on their balance sheets due to the downturn in the cryptocurrency market, Hyperion DeFi bucked the trend. The company reported $31 million in net income for the second quarter of 2026. This figure was more than triple the $8.8 million record from the previous quarter.

The gross value of Hyperion’s HYPE assets increased from $71 million at the end of the first quarter to $133 million. Consequently, the company broke its net income record for the second consecutive quarter. In contrast, it had reported a net loss of approximately $9 million in the same period last year.

Hyperion DeFi Grows HYPE Assets

CEO Hyunsu Jung stated that the company is not only growing its HYPE treasury but is also developing scalable businesses, products, and services on Hyperliquid, doing so while reducing costs over time.

Following the results, Hyperion entered into an agreement with Entropy, the creator of HIP-3 markets, committing to lock 500,000 HYPE tokens on the network. The company will also allocate 500,000 HYPE to Skew Technologies to support the planned HIP-4 outcome markets. These agreements provide the necessary token collateral for parties seeking to establish decentralized HIP-3 markets.

Hyperion announced that it terminated its agreements with Native Markets and Felix following the discontinuation of the USDH stablecoin, which freed up 800,000 HYPE tokens for other use cases. The company held approximately 2 million HYPE at the end of the second quarter. At the time of writing, HYPE was trading at $56.14, up 3% on the day, while Hyperion shares gained approximately 5% in the after-hours market.