Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
HYPE The decentralized futures platform Hyperliquid agreement revenue exceeded US$1.4 billion, and more than US$1.26 billion was used for token repurchases.
The decentralized futures platform Hyperliquid (HYPE)'s total agreement revenue has exceeded the US$1.4 billion mark. Among them, more than US$1.26 billion in revenue was dedicated to market repurchase of HYPE tokens.
According to a research report on the on-chain perpetual contract market released by Castle Labs, Hyperliquid still maintains a strong position in the decentralized derivatives market. In terms of open interest size, the platform accounts for more than 56% of the chain perpetual contract market.
Another significant finding in thereport is that Hyperliquid allocates a large amount of revenue for repurchase of HYPE tokens. The total value of these open market repurchases has exceeded US$1.26 billion, highlighting the importance of this mechanism as a core element of the HYPE token economy.
Builder Codes mechanism helps third-party applications monetize
Castle Labs 'report also highlighted the success of Hyperliquid's "Builder Codes" mechanism. The mechanism is designed to support third-party applications, allowing cryptocurrency wallets and other applications to directly leverage Hyperliquid's trading infrastructure without having to develop a complex futures trading system yourself.
This move allows various applications to seamlessly provide futures trading services to their users and generate revenue through trading activities. Data shows that Phantom, the well-known cryptocurrency wallet, has earned more than US$25 million in revenue so far through its Builder Codes mechanism;MetaMask's total revenue through the same system has also exceeded US$10.5 million.
The content of this article is for reference only and does not constitute investment advice.
