AQAv2 revenue has become Hyperliquid's second-largest source of income, accumulating $24.78 million

Odaily News: According to official data, AQAv2 revenue has become Hyperliquid's second-largest source of income, accounting for 26.96% of Hyperliquid's total revenue. Hyperliquid's largest source of income remains contract trading fees, which account for over 66%.

AQAv2 is a "revenue-sharing" mechanism launched by Hyperliquid for stablecoins. Under this mechanism, stablecoin deployers are required to allocate 90% of the stablecoin's reserve yield to the Hyperliquid protocol, and the protocol will use 100% of these revenues to buy back and burn HYPE tokens.

Since yield accrual began on August 26, AQAv2 has generated a cumulative total of $24.78 million in revenue for Hyperliquid.