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Hyperliquid HIP-3 market has generated a total revenue of $44 million, with half used for HYPE buybacks.
BlockBeats News, June 24th, on-chain data shows that, to date, the HIP-3 market has generated a total revenue of $44 million. Among this, $22 million has been allocated to HIP-3 developers, and the remaining $22 million is used for HYPE token buybacks.
HIP-3 is a market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and earn protocol revenue shares based on market performance. The disclosed data indicates that HIP-3 has become an important source of income for the Hyperliquid ecosystem, while continuously providing funding support for HYPE token repurchases.