There is so much happening in Hyperliquid it's hard to keep up.
Rambling my thoughts in no order:
- 99% of fees are used to buyback HYPE - that HYPE is considered burned since it's untouchable.
- All HyperEVM fees and Auction Fees are burned
- HIP-3 enables anyone who stakes 500k to launch perp markets
- Those HIP-3 markets are exploding and already competing with tradfi markets. Especially in times like now we see the importance of 24/7 venues.
- HIP-3 Volumes hit 2 Billion / Day, OI constantly over 1B
- Stablecoins are exploding on Hyperliquid but USDC by circle still is the biggest which