HIP-3 Market Generates $44 Million in Cumulative Revenue, Half Used for HYPE Buybacks

Odaily Odaily reports that according to on-chain data, the HIP-3 market within the Hyperliquid ecosystem has generated cumulative revenue of $44 million to date. Of this total, $22 million has been allocated to HIP-3 developers, while the remaining $22 million has been used to repurchase HYPE tokens. HIP-3 is a market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and receive a share of protocol revenue based on market performance.