Hyperliquid Surpasses $1.2B in Cumulative Fees, Fueling Hype for $100 Price Target

Hyperliquid, a decentralized perpetuals exchange and Layer 1 blockchain, has surpassed $1.2 billion in cumulative fees since its launch in 2024.

This achievement highlights the strong growth and sustainability of Hyperliquid's revenue.

The protocol employs a buy-back-and-burn model, directing the majority of its fees to an Assistance Fund that reduces the supply of HYPE, its native token, through buybacks.

This approach has created deflationary pressure on the HYPE token, potentially increasing its market value.