Hyperliquid's TSMC Contract Surges then Retreats, Intraday Drop Exceeds 4%

BlockBeats News, July 16th, according to market data, the price of the TSMC-related contract on Hyperliquid surged intraday and then retreated, with the decline once expanding to over 4%.

Prior to this, TSMC released its financial report for Q2 2026, with a net profit increasing by 77% year-on-year to NT$706.6 billion, hitting a record high and surpassing market expectations; Q2 revenue rose by 36% year-on-year to NT$1.27 trillion, with a 20% quarter-on-quarter growth in revenue from the High-Performance Computing (HPC) business.