Shades of Grey: Superfluid Generates $105M in September Revenue With Diverse Revenue Sources According to an October 30 report by Greyscale, Superfluid generated revenue of about $105 million in September 2026, almost flat year over year. Core trading fees accounted for about 64% of revenue, down from over 90% in mid-2025, as revenue from third-party markets, distribution partners and the USDC reserve yield expanded. Non-core revenue doubled year over year to $38 million. Shades of Gray has identified regulated access to the US market as a potential growth driver, noting Kraken's parent plan, Rewards, to become the first CFTC-regulated hip-3 deployment and ICEs partnering with Trade[XYZ] to develop US-regulated perpetual futures markets for excess liquid. - Link.

Shades of Grey: Superfluid Generates $105M in September Revenue With Diverse Revenue Sources According to an October 30 report by Greyscale, Superfluid generated revenue of about $105 million in September 2026, almost flat year over year. Core trading fees accounted for about 64% of revenue, down from over 90% in mid-2025, as revenue from third-party markets, distribution partners and the USDC reserve yield expanded. Non-core revenue doubled year over year to $38 million. Shades of Gray has identified regulated access to the US market as a potential growth driver, noting Kraken's parent plan, Rewards, to become the first CFTC-regulated hip-3 deployment and ICEs partnering with Trade[XYZ] to develop US-regulated perpetual futures markets for excess liquid. - Link.