TobiasReisner

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

RESERVE YIELD IS NOT PRICED IN

Hyperlend gives you 23% APY on supplied HYPE
gLend

If you longed hyperliquid:native and shorted aster-2:native a year ago you would be up >500% while paying $0 in funding.
Only thing that beats that is buying something like $100 strike HYPE call options a year ago.
Don't sleep on pear trading - ngl also talking to myself here.