Whoa! @circle is going to have to shell out money to burn $HYPE again in seven days.
The second AQAv2 distribution is expected to send approximately $15.917 million to the Assistance Fund (AF) around November 2, earning an average of $503,500 per day, or about $184 million in annual revenue.
Over the past 30 days, the average USDC supply on HyperCore and HyperEVM reached $7.1775 billion, up 3.6% from the previous month.
The key point is that all of this money is used to buy back and burn $HYPE .
The larger @USDC is on HL, the more revenue the treasury earns, which is then used to buy and burn HYPE.
Real money comes in every month to fund buybacks, and that’s one of the reasons I’m bullish on Hyperliquid.
An estimated 0.021% of the total supply will be burned.
If you can even use GPU computing power for perpetual futures, then I have an even bolder idea.
Turn PSA 10 Van Gogh Pikachu cards into RWAs and launch perpetual futures on them after bringing them on-chain.
These collectibles have limited supply and fluctuating market prices, but not everyone can afford to buy an entire card. RWA tokenization would let more people trade on price movements without actually owning the physical card.
From GPU rental costs by the hour, to AI inference costs, to rare collectibles—assets that can be priced and have market demand may all have the potential to become on-chain derivatives.
HIP-3 has limitless potential, HIP-4 is still in its early stages, and HyperEVM even more so.
A new era, new things to trade. The possibilities for @HyperliquidX may only just be beginning.$HYPE
Zero funding rates, prices that follow Hyperliquid, and more and more people are starting to pay attention to Papertrade—even switching from HL to Papertrade. Like @machibigbrother.
But what’s most worth paying attention to is that users deposit real funds while participating in simulated trading.
If the platform’s profits mainly come from traders’ losses, then this model is worth examining closely.
Put simply, it makes money by profiting from users’ losses.
Would you deposit real funds on a platform that lets you trade with simulated money?
He opened positions with 1,000x leverage on @papertrade_xyz
He deposited a total of $122,006.75 and racked up a cumulative trading volume of $1.29B, opening 315 trades. His biggest single-trade profit was $40,515.70, and he used up to 1,000x leverage. Unfortunately, most of his positions were liquidated.
What does $1.29B mean? It’s equivalent to 8.20% of his total trading volume on @HyperliquidX! (Doesn’t this really make you wonder why he switched from HL to Papertrade?)
Even crazier, he’s already received 52M $PAPER and converted it into 203K USDC. Every time his Paper holdings pay out dividends, a few thousand U lands in his account—and he turns right around and opens more trades.
So far, he’s down a total of 302K U, and a large part of that came from the $PAPER dividends he received after being liquidated.
Machi is making history, and Papertrade is recording it.