Hyperliquid cumulative revenue tops $1.4B, token buybacks exceed $1.26B
- —Cumulative protocol revenue surpassed $1.4 billion
- —Over $1.26 billion spent on open-market token buybacks
- —58% share of on-chain perp open interest ($8.33B) as of October 8
- —Phantom earned over $25M via builder codes, MetaMask over $10.5M
Why it matters: Rising revenue and aggressive buybacks tighten HYPE supply and reinforce Hyperliquid's lead in on-chain derivatives.
Source: TokenPost