This buyback occurs as Hyperliquid's perpetual futures integrate into the Bloomberg Terminal to provide live 24/7 pricing for oil, gold, and chip stocks. On-chain data for the past week shows the exchange generated $14.64 million in revenue, the second-most of any on-chain protocol after Pump.
Wednesday, October 21, 2026
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Hyperliquid Initiates First $14.6M HYPE Token Buyback
Crypto16 days ago
The platform has begun deploying a $14.58 million distribution of stablecoin yields to purchase and burn its native HYPE tokens. These funds, derived from USDC fees collected via AQAV2, represent a current annualized revenue rate of $193 million. As of Oct. 5, the HYPE token was trading at $93.
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