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Last December I already mentioned this. $HYPE Since then, it has nearly doubled, moving away from the buy zone.
But price is almost irrelevant; what truly matters is what is actually happening.
This argument has always been about HIP-3 opening new revenue streams, bringing more buybacks. This turbo is now very active.
- HIP-3 now accounts for 40-45% of Hyperliquid's total trading volume.
- Recent open contracts reached $2.3 billion.
- Earlier this year, daily revenue hit $4.3 million, with 97% of transaction fees directly going into buybacks and burn $HYPE .
HIP-3 is now transforming Hyperliquid into a 24/7 trading layer, covering tokenized stocks, indices, commodities, oil, gold, and more.
If this trend continues, combined with fundamental factors, it is expected to soon break all-time highs, eventually entering the top 10 to top 20 #GateMarchTransparencyReport .