Hyperliquid generates $2.3M daily revenue, foundation buys back $11.1M HYPE

Decentralized perpetual futures exchange Hyperliquid (HYPE) generated $2.32 million in revenue yesterday, ASXN reported. Over the past week, the Hyperliquid Foundation also bought back 237,460 HYPE, valued at $11.08 million, through its Assistance Fund (AF). The AF now holds 14.22% of HYPE's circulating supply. ASXN added that the revenue growth is driven by its HIP-3 markets, which stem from a governance proposal allowing anyone to create a market on the platform. These markets currently account for 46% of total trading volume and 23% of open interest.