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Hyperliquid HIP-3 fee revenue

Story timeline · 3 updates, 14 Oct to 30 Oct 2026

Hyperliquid's HIP-3 has generated about $75m in cumulative revenue, split between market deployers and the protocol's buyback-and-burn fund. Grayscale now says Hyperliquid made $38m in revenue last month via outsourced partner models like HIP-3, builder codes and Coinbase USDC reserve interest, with institutional…

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  1. Hyperliquid HIP-3 revenue hits $75m, half for token buybacks and burns

    Hyperliquid's HIP-3 has generated $75m in cumulative revenue, with $37.5m going to deployers and $37.5m used to buy back and burn the Hyperliquid native token. HIP-3 lets deployers list perpetual markets on Hyperliquid, setting their own oracle and contract specifications while reusing the protocol's order book and liquidation infrastructure.

    AltcoinsOdailyAIBullish

  2. Hyperliquid HIP-3 fees pass $75m, about half goes to market deployers

    ASXN data shows Hyperliquid's HIP-3 has generated about $75.1m in cumulative trading fees, with roughly $37m going to market deployers and $38.1m to the protocol's Assistance Fund. Hyperliquid says the fund converts fees into HYPE and removes it from circulation.

    AltcoinsPANewsAIBullish

  3. Grayscale says Hyperliquid made $38m last month via partner model

    Grayscale says Hyperliquid generated $38m in revenue last month through outsourced partner models such as HIP-3, builder codes and Coinbase's USDC reserve interest, and that institutional participation appears to be growing.

    AltcoinsCoinNessAIBullish

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.