Hyperion DeFi’s $31M profit highlights HYPE as crypto market slumps

On August 12, Hyperion DeFi, the first U.S.-listed company to build on Hyperliquid, announced its record net income of $31 million in the second quarter. This amount is more than tripled since the company made a profit of $8.8 million during the first quarter. Hyperion attributed the jump in its net income to the rising...