Hyperliquid Channels $14.58M in USDC Earnings Into HYPE Buybacks
- —First AQAv2 payment to the Assistance Fund was about $14.58 million USDC
- —Roughly 90% of USDC reserve earnings now fund HYPE buybacks
- —Cumulative protocol revenue since launch is about $1.34 billion
- —HYPE at $85.03: up 1% in 24 hours, down 5.6% on the week, 13% below its peak
Why it matters: Buybacks now rest on two revenue streams, but both depend on exchange activity, so they are no floor under the token price.
Source: CryptoTicker