Many people underestimate the greatest value of hyperliquid:native, which is not TVL, not airdrops, and not narratives, but certainty in buying demand.


AF's funding sources mainly come from protocol trading revenue + USDC reserve income, essentially using real cash flow to continuously buy back, not relying on issuance or VC support.
This cash flow is highly dependent on trading activity; trading demand will not disappear because of bull or bear markets—during uptrends, people chase longs; during downtrends, people bottom fish; during volatility, people wash volume, market make, arbitrage, hedge.
As long as Hyperliquid continues to facilitate global on-chain derivatives trading, the protocol will keep generating revenue; with the protocol continuously generating income, AF will keep buying hyperliquid:native.
HYPE1.01%
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