HIP-3 just pulled in $25M total, $12.5M to deployers and $12.5M to the Assistance Fund, all while still in growth mode. Capital is flowing in before the system is fully matured. That’s not normal, that’s strength. Hyperliquid $HYPE is setting the standard. DeXs either adapt to this model or get left behind. This is how you stay first to market and list the tickers traders actually demand.

hyperliquid burned 42.9m HYPE ($1.55b) since inception. 99% of $600m annualized fees go directly to buybacks and burns. validator inflation is maybe 300k HYPE/month. the net burn rate is massive. april 6 unlock dropped 9.92m HYPE ($375m) into a market doing 254k active traders and $7.6b open interest. protocol is 4th globally in fee generation behind tether, circle, and polymarket. the unlock is a one-time event absorbing bid side on a structurally deflationary token. validator costs are 1-2% of revenue. that's a rounding error. deploying more capital. steady lads

$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.

🚨DATA: NEARLY 250,000 WALLETS HOLD THE $HYPE TOKEN According to data from @HyperTracker, the number of unique wallet addresses that hold @HyperliquidX's $HYPE token is approaching the 250k mark, now standing at more than 248k. Both token holders and wallets on the Hyperliquid network have experienced steady and consistent growth, with total wallets now standing at around 1.85 million.

Hyperliquid’s revenue sharing for holders is extremely strong, which builds a high level of trust from the community. $HYPE is the best token of this cycle. Hyperliquid

Hyperliquid keeps printing ATHs and building through the bear market. HIP-3 adoption is becoming massive. > HIP-3 OI now exceeds $2.3B. > 6/10 pairs by OI on Hyperliquid are HIP-3 pairs. > Combined OI of $WTIOIL + $BRENTOIL is now above $1B. That alone is already above most Perp DEXs, including Lighter or Variational. And remember, HIP-4 should be hitting mainnet soon. Literally… The House of All Finance. Hyperliquid.