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Matt Hougan: Hyperliquid Uses 99% of Fee Revenue to Buy Back Tokens, Making Value Capture Logic Easier to Understand

2026-05-27 00:42

Odaily reported that Matt Hougan, Chief Investment Officer at Bitwise, stated in a post on platform X that after multiple discussions with financial advisors about Hyperliquid, he found the related communication to be "very easy."

Hougan noted that Hyperliquid uses 99% of its fee revenue to repurchase tokens, making the business model and value capture logic much easier to understand.