Hyperliquid completed its first 14580000 USD USDC reserve payment, with the funds intended for purchases of HYPE
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AT A GLANCE
Hyperliquid Reportedly received 14580000 USD USDC in reserve revenue, with the funds intended for purchases of HYPE。
Article
Hyperliquid First 14580000 USD USDC reserve revenue
PANews October 4 reported that Hyperdash co-founder Hans stated in a post that AQAv2 treasury wallet paid Hyperliquid for the first time, covering the platform’s holdings over the past 30 days of USDC reserve payments 14580000 USD, with the relevant funds to enter an aid fund for purchases of HYPE. This marks an additional source of revenue for the platform: it can earn returns not only from trading fees, but also from users’ deposits themselves, regardless of whether they trade. Since the beginning of this year (January 1 to September 30），Hyperliquid perpetual futures trading volume reached 2000000000000 USD, protocol fee revenue was 493300000 USD; open interest increased from 7720000000 USD to 16400000000 USD。AQAv2 after introducing deposit yield, each USD of margin could contribute approximately 0.154 USD in annualized revenue...
Hyperdash co-founder Hans stated that AQAv2 the treasury wallet paid Hyperliquid for the first time.
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This payment covered Hyperliquid held by 30 over the past USDC days in reserve payments 14580000 USD。
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The relevant funds will enter an aid fund for purchases of HYPE。
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This year January 1 to September 30，Hyperliquid perpetual futures trading volume reached 2000000000000 USD。
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protocol fee revenue during the same period was 493300000 USD, while open interest increased from 7720000000 USD to 16400000000 USD。
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AQAv2 After introducing deposit yield, each USD of margin could contribute approximately 0.154 USD in annualized revenue.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that Hyperliquid may derive revenue not only from trading fees, but also from USDC reserve yield generated by user deposits. The reported plan is to use the funds to purchase HYPE。
Why it matters to readers
If the relevant payment and yield mechanisms continue,Hyperliquid could expand its revenue sources; the plan to use the funds to purchase HYPE could also affect observations of market demand for it.
The trading platform may generate revenue from both trading activity and user deposits. In the article, open interest refers to contract positions that have not yet been closed.
Risks and unknowns
14580000 USD Whether the payment has actually been received remains to be verified.
Whether the relevant funds were actually used to purchase HYPE and the purchase volume remain unclear.
Whether the deposit-yield mechanism can continue, and the actual scale of subsequent revenue, remain unclear.
The information mainly comes from PANews’ account of Hans’s public statements and lacks independent confirmation.
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Related concepts
USDC
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
