
$HYPE Hyperliquid’s 30-day average revenues are still low, even with record highs in active traders and HIP-3 markets open interest. Revenues were actually higher when the token was around $21 a few months ago. I see this as temporary. Revenues should pick up as volatility returns, with portfolio margin fully rolled out and HIP-4 bringing options and prediction markets. Still, from a trading perspective, it’s hard to ignore in the short term.
