Developers’ Token Buybacks for This Altcoin Have Exceeded $1 Billion
Photo: Bitcoin Sistemi
The decentralized futures platform Hyperliquid (HYPE) has surpassed the $1.4 billion mark in total protocol revenue, with over $1.26 billion of that revenue being used for HYPE token buybacks. According to a research report on the on-chain perpetual futures market published by Castle Labs, Hyperliquid maintains its strong position in the decentralized derivatives market. The platform controls more than 56% of the on-chain perpetual futures market in terms of open interest size. Another notable development in the report is that Hyperliquid is allocating a significant portion of its revenue to HYPE token buybacks.
Source: Bitcoin Sistemi
