The Hyperliquid protocol generated $63.94 million in 30-day holder revenue. Data from DefiLlama on October 28, 2026, indicates this figure positions it ahead of other crypto projects.
The protocol uses eligible fees to buy its native HYPE token from the open market. This mechanism creates recurring demand linked to platform activity.
The system links trading on its perpetual futures exchange to token purchases, differing from models that use staking rewards. Net yield on USDC reserves provides an additional revenue stream for these buybacks.
Hyperliquid Strategies Inc. (PURR) did not directly announce this data. However, the protocol's health and revenue-generating capacity, along with its HYPE token, underpin PURR's value proposition. PURR operates as a digital asset treasury company focused on the ecosystem.