Hyperliquid protocol fee mechanisms have routed revenue into cumulative buybacks and burns approaching 50 million HYPE tokens, representing about 5 percent of total supply, from over $1.3 billion in lifetime protocol revenue

Financial services rebuilt as onchain protocols, offering lending, trading, derivatives and yield without traditional intermediaries.

Economic design of a token: supply schedule, distribution, incentives, and value-capture mechanics, and how those choices shape price and network health.