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I mentioned this back in December last year. $HYPE Since then, it has nearly doubled and moved away from those buy-in zones.
But price is almost secondary; what truly matters are the actual events.
This argument has always been about HIP-3 opening new revenue streams and bringing more buybacks. This turbo is now very active.
- HIP-3 now accounts for 40-45% of Hyperliquid's total trading volume.
- Open interest recently reached $2.3 billion.
- Earlier this year, daily revenue hit $4.3 million, with 97% of fees directly flowing into $HYPE 's buybacks and burns.
HIP-3 is now transforming Hyperliquid into a 24/7 trading layer, covering tokenized stocks, indices, commodities, oil, gold, and more.
If the momentum continues, combined with fundamental factors, it’s expected to soon break new all-time highs and eventually enter the top 10 to 20.