Hyperliquid Reports Revenue, Conducts HYPE Token Buybacks
The research firm highlighted Hyperliquid’s $1.06 billion in annualized fees and its Assistance Fund buyback program that has purchased over $2 billion of HYPE since January 2025.
crowdfundinsider.comCitrini Research named crypto exchange Hyperliquid and its HYPE token a new “compelling” investment idea in a report released Monday. The firm said that unlike the memetic majority of crypto, including bitcoin, HYPE generates legitimate cash flow and includes a buyback mechanism. The report is paywalled.
06 billion in annualized fees and recorded about $220 billion in 30-day perpetual futures volume, according to DeFiLama data. Over 90 percent of those fees are redirected into the Assistance Fund, which has purchased more than $2 billion of HYPE since January 2025. The buyback accounted for nearly half of all token-buyback activity across the crypto sector last year.
HYPE has been one of the biggest outperformers this year. Hyperliquid is a blockchain-based exchange that allows users to trade perpetual futures of crypto and other assets such as commodities and private stocks. The platform has emerged as the dominant player in decentralized perpetual futures trading and accounts for the majority of on-chain derivatives volume.
HYPE’s value is increasingly tied to Hyperliquid’s trading volumes and revenue. S. oversight.
And Kraken is likely launching its product later this month. Citrini Research helped spark February’s AI-driven market scare.
