Hyperliquid generated $16.93 million in cumulative revenue for the week ended Aug. 23, up about 196% from $5.72 million the previous week. The increase came as a recovery in the broader cryptocurrency market lifted perpetual futures trading on the global decentralized exchange. Bitcoin climbed more than 20% during the week. Hyperliquid’s token was trading at $78.78 at 4:53 p.m. Korea Standard Time on Aug. 23, up about 37.33% from a week earlier. The revenue figures were reported by BlockBeats, citing DefiLlama data, while the token price was cited from CoinMarketCap.