Each quarter compounds its three months — the coarsest grain that still shows a cycle turning inside a single year.
This page compresses Hyperliquid (HYPE)'s history into four cells per year — Q1 through Q4 — coarse enough to watch a cycle turn inside a single year. HYPE has only a handful of quarters on record, each one still able to flip the sign of its aggregates. The grid functions as a quarterly logbook for now — the seasonality reading arrives one closed quarter at a time.
Each quarter compounds its three calendar months from UTC daily closes, so a cell is what a position held through those months would actually have returned. HYPE's data starts at its perpetual listing in late 2024. The youngest asset on these pages — less a seasonality study than a live logbook of a new market finding its price.
Hyperliquid is down 6.2% quarter-to-date in Q4 2026, compounding October through the daily close of 11 October 2026 (UTC). The figure keeps moving until the quarter closes.
Hyperliquid returned +39.8% in Q3 2026, its most recent completed quarter, compounding that quarter's three monthly returns. The median Q3 return on record is +27.1%, so it came in above the norm.
Hyperliquid's 2026 quarters so far: Q1 +43.8%, Q2 +77.8%, Q3 +39.8%, Q4 −6.2% (in progress). Compounded together they put Hyperliquid up 235.2% year-to-date.
2025: Q1 −45.7%, Q2 +204.6%, Q3 +14.3%, Q4 −43.7%. The strongest quarter was Q2 at +204.6% and the weakest Q1 at −45.7%; the full year compounded to +6.5%.
Across 2 completed Q4s on record, the median Q4 return for Hyperliquid is +301.5%. The best Q4 was 2024 at +646.7%, the worst 2025 at −43.7%, and 1 of 2 closed positive. The current Q4 is excluded until it closes.
By median return across all completed years, Q4 has been Hyperliquid's strongest quarter at +301.5% and Q1 its weakest at −0.9%. Q1 −0.9%, Q2 +141.2%, Q3 +27.1%, Q4 +301.5% are the four medians; they shift as each new year is added.
Across 8 completed quarters, Hyperliquid's best was Q4 2024 at +646.7% and its worst Q1 2025 at −45.7%. 6 of 8 quarters closed positive.
Only those since its perpetual began trading in late 2024 — a handful, each carrying outsized weight in the aggregates. Dashed cells mark quarters before the listing, not missing data.
HYPE's history here begins at its first daily perpetual-futures candle on Binance in late 2024, so the grid starts with the first quarter completed after that date. All medians are computed from that point on.
Because returns compound. A +10% month followed by a −10% month leaves −1%, not 0%. The quarterly figure multiplies the monthly factors together, which is the return a held position would actually see.