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HYPE

Hyperliquid: $97.7M Fees and HYPE Buybacks Signal Bullish Momentum

Over the last 30 days I observed Hyperliquid generate $97.7M in fees, representing about 35% of on-chain fees across all chains. This level of fee revenue highlights significant activity and fee capture on the Hyperliquid network.

A portion of that revenue is consistently used for HYPE buybacks, which helps create upward pressure on the token price by reducing circulating supply. Other notable chains by fees in the same period include Tron $58.8M, Ethereum $45M, Solana $41.1M, Bitcoin $16.3M, and BNB Chain $10.6M.

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Analysis

Hyperliquid’s fee generation of $97.7M in a 30-day window and a 35% share of total on-chain fees is a clear indicator of high user activity, strong fee capture mechanisms, or both. Such concentrated f...

Recommendation

Given the strong fee generation and recurring HYPE buybacks, I would consider a constructive stance toward Hyperliquid. The on-chain revenue and buyback mechanism create a tangible, token-supportive d...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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