Bitwise research head says investors underestimate institutional adoption of NEAR and HYPE
- —NEAR Intents processed a record $4.8 billion in September, up nearly 900% year over year
- —NEAR fees since February reached $29 million, with $5.3 million spent on token buybacks
- —99% of Hyperliquid trading fees are used to buy back the HYPE token
- —Hyperliquid generates close to $1 billion in revenue and leads the decentralized perpetual futures market
Why it matters: Revenue-funded token buybacks give investors a familiar valuation metric, potentially accelerating institutional inflows into NEAR and HYPE.
Source: Crypto Briefing
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