Hyperliquid HIP-3 Total revenue reached 75000000 USD, half of which is used for HYPE buybacks and burns
BIBIBI
AT A GLANCE
According to BlockBeats,Hyperliquid HIP-3 cumulative revenue reached 75000000 USD。
Article
Hyperliquid HIP-3 Total revenue reached 75000000 USD BlockBeats news,October 15，Hyperliquid HIP-3 has generated cumulative revenue of 75000000 USD of which 37500000 USD goes to deployers, while another 37500000 USD is used for Hyperliquid native-token buybacks and burns.HIP-3 is the Builder deployment mechanism for perpetual contracts, allowing eligible deployers to launch perpetual markets on Hyperliquid independently, define oracles and contract specifications, and manage operations while reusing the protocol’s order book, liquidation, and other infrastructure. Fees from the relevant markets are generally split equally between the deployer and the protocol, and the protocol’s revenue may be used for buybacks and burns.
Original link https://m.theblockbeats.info/flash/371852
Key points
01
Hyperliquid HIP-3 has generated cumulative revenue of 75000000 USD in revenue.
02
of which 37500000 USD goes to the deployer, while another 37500000 USD is used for Hyperliquid native-token buybacks and burns.
03
HIP-3 allows eligible deployers to launch perpetual markets independently on Hyperliquid.
04
Fees from the relevant markets are generally split equally between the deployer and the protocol.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
HIP-3 is a mechanism that allows deployers to create and operate perpetual contract markets while also using Hyperliquid’s order book, liquidation, and other infrastructure. According to the report, the revenue is split equally between the deployer and the protocol, with the protocol’s share intended for native-token buybacks and burns.
Why it matters to readers
This indicates that HIP-3 has generated substantial cumulative revenue; if the buybacks and burns are actually carried out, they could affect the circulating supply of the native token.
Beginners can understand it as follows: a third party operates the market and shares fees with the protocol, with part of the revenue used to buy back and burn tokens.
Risks and unknowns
The original text is a BlockBeats news report and does not provide Hyperliquid official or on-chain data for cross-verification.
The original text does not state 37500000 USD whether the protocol’s revenue has actually been used for buybacks and burns.
The original text does not provide HIP-3 the number of markets, trading volume, or revenue growth rate.
Related Developments
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Related concepts
Perpetual Contract
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.
