HIP-3 market has generated a cumulative revenue of $44 million, half of which is used for HYPE buybacks

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