Hyperliquid HIP-3 cumulative revenue reaches $75 million

October 15: Hyperliquid HIP-3 has cumulatively generated $75 million in revenue, of which $37.5 million goes to deployers, and another $37.5 million is used for Hyperliquid native token buybacks and burns.

HIP-3 is the Builder-deployed perpetual contract mechanism, which allows qualifying deployers to launch their own perpetual markets on Hyperliquid, define oracles and contract specifications, and handle operations, while reusing the protocol's order book and liquidation infrastructure. Fees from the relevant markets are typically split 50/50 between deployers and the protocol, and the protocol-side revenue can be used for buybacks and burns.