Hyperliquid Dominates Fees — Buybacks Driving HYPE Upside

I note that Hyperliquid amassed $97.7M in fees over the last 30 days, representing about 35% of all chain fees in that period. I observe that a portion of this revenue is consistently allocated to HYPE buybacks, which helps support upward pressure on the token price. I also track other significant chains by fee volume: Tron $58.8M, Ethereum $45M, Solana $41.1M, Bitcoin $16.3M, and BNB Chain $10.6M. These on-chain fee metrics and the buyback mechanism make Hyperliquid stand out in the current crypto revenue landscape.