Hyperliquid posts $6.48B volume, $1.04B revenue, boosting HYPE buybacks and burns

Hyperliquid sets records in perps and revenue. A community post argues HYPE is still undervalued.

- 24h perps volume hit $6.48B, with open interest at $6.41B, per Hyperliquid Daily’s data on X.

- Cumulative protocol revenue crossed $1.039B. Thirty‑day revenue is $54.4M, implying a ~$664M annualized run rate. The post adds that 99% of fees fund HYPE buybacks and burns via the Assistance Fund source.

- Crude oil perps daily volume rose from ~$21M to $1.39B since Iran–Israel tensions began, making it the second most traded asset on Hyperliquid, ahead of Ethereum source.

Hyperliquid signals growing RWA activity and 24/7 pricing when TradFi shuts. “When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other essential assets,” the team wrote on X.

Technical view. Analyst TraderJB says HYPE’s structure looks cleaner than ~95% of other coins like Bitcoin after BTC stalled below $74,000. He tracks an inverted zigzag from $25 to ~$36.90 and flags $20.80 as a level that must hold to avoid trend reversal source.