TobiasReisner

Have a great Saturday

While some people panic sold their hyperliquid:native
@HypeStrat is busy buying more.
And they have another $185m dry powder left
And at current HYPE prices they can run their ATM as long as they want.

Hyperliquid

Another $2.8M in hyperliquid:native burned

Hyperliquid Reserve Yield is already at >$500k per Day
Balance grew from 5.5B to 6.15B last week
Rates keep going up.
All that will burn more hyperliquid:native
Data: by @guru__hl

Happy ATH (in OI) to those who celebrate.

Remember to touch grass

Long gone are the days where Hyperliquid needs crypto volumes to surge to make money.
Hyperliquid launched Priority Fees 4 months ago
Since then it brought in an extra $11M in Revenue
All used to buyback and burn hyperliquid:native
Priority Fees already make up ~6% of Revenue.
Reserve Yield starts buying hyperliquid:native on October 3rd - which leads to another $200+ in annual hyperliquid:native buybacks.
Conclusion
Jeff and the Hyperliquid team don't rely on one single revenue driver. They can just launch a new feature and make more money with it than most crypto projects did in their lifet