Q4 2025 earnings call recap: revenue, EBITDA miss, payer mix headwinds, 2026 guidance and recovery plans—read key takeaways now.

Hyperliquid, with its native HYPE token, processed $3.1 trillion in notional trading volume over the last 12 months, nearly double Coinbase's $1.4 trillion and exceed Robinhood's $2.8 trillion over ...