Hyperliquid Crosses $1.4B in Cumulative Revenue, Directs $1.26B to Token Buybacks

Decentralized derivatives exchange Hyperliquid has reportedly surpassed $1.4B in cumulative revenue, according to data cited from WuBlockchain. The protocol has directed over $1.26B of that revenue toward open-market buybacks of its native $HYPE token. This mechanism essentially converts 90% of the platform's historical fee generation into automated buying pressure for the asset. Prediction markets currently price a 55.5% probability that the token will reach a $100 valuation by December 31, 2026. Sustaining this value accrual model remains highly dependent on continuous trading volume and avoiding critical security breaches.