Citrini Research has found that Hyperliquid commands nearly half of all token buybacks in the crypto market, according to a recent report.
The decentralized exchange's revenue model is seen as one of the strongest in the sector, with more than 90% of fees generated by Hyperliquid directed towards its Assistance Fund.
This fund uses the proceeds to purchase $HYPE tokens on the open market, turning them into a token backed by meaningful cash flow generation.
Citrini noted that unlike most crypto projects, $HYPE generates legitimate cash flow, and the buyback mechanism is attractive but the size of the Assistance Fund sets Hyperliquid apart.