Hyperliquid generates $1.06 billion in annualized fees
Hyperliquid, a decentralized platform for perpetual futures, has been named a ‘compelling’ investment idea.
The platform has generated about $1.06 billion in annualized fees, with over 90% of fees funneled into a buyback fund that has purchased over $2 billion of HYPE since January 2025.
Hyperliquid’s HYPE token value is increasingly tied to the platform’s trading volumes and revenue, as U.S. regulators begin to open the door to crypto perpetual futures products.