Overview
- Hyperliquid generated roughly $5.5 million in 24‑hour fees, outpacing Ethereum and Tron during the same window.
- HIP‑3 activity set fresh highs, with a $5.21 billion daily volume and perpetual DEX market share crossing 30%, including 35% of volumes on Feb. 5 worth about $24.7 billion.
- Protocol data shows $5.25 million in buybacks over 24 hours and $62.9 million over 30 days, removing about 2.32 million HYPE from circulation.
- Ripple Prime integrated Hyperliquid to give institutions access to on‑chain derivatives liquidity, and Coinbase enabled HYPE trading to broaden market access.
- HYPE has climbed roughly 60% since mid‑January into the low‑to‑mid $30s, even as Coinglass reported Hyperliquid accounted for over $630 million of a $2.6 billion liquidation day.