Hyperliquid just edged out Polymarket in fees. $3.11M vs $3.04M. The interesting part isn't who's making more. It's what happens to the money. ~99% of HL fees go into hyperliquid:native buybacks and burns. 32.18K HYPE burned in 24h 192.76K in 7d 955.87K in 30d 49.70M+ burned so far Same fee game, very different mechanics.
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