Post #11773

Hyperliquid & HIP-3 Overview: HYPE is up 30% in 14 days $HYPE is up 30% over the last 14 days. FDV sits at $33.5B with the token trading at $34.88. The protocol has alreadybought back 24.2MHYPE ($837M) from the market - and burned an additional 579K HYPE ($20M). The most aggressive buyback program in crypto, 97% of all revenue goes directly back to token holders. HIP-3 Ecosystem Open Interest leaderboard: • trade.хyz: $1.04B (approximately 87% of total protocol-level OI) • Dreamcash: $59.6M • HyENA: $49.6M • Kinetiq: $18.9M • Felix: $14.6M • Ventuals: $9.53M Why Arthur Hayes is bullish on $HYPE In his latest essay, Hayes calls Hyperliquid the highest quality project in all of crypto by real users, real revenue, and real returns to token holders. His price target: $150 by August 2026 - roughly 5x from where it traded when he wrote the piece. His core argument: $HYPE trades at ~12x P/E while CME, Robinhood, and Coinbase trade at 26–40x. That gap closes as Hyperliquid grows HIP-3 revenues - permissionless perp markets on gold, silver, Nasdaq, and S&P 500 that already account for ~10% of total protocol revenue in just four months. While most of crypto is still trying to justify inflated FDVs with no revenue, Hyperliquid is buying back nearly $1B of its own token with real trading fees. @TOP7ICO