$HYPE fell about 7% in this week's crypto sell-off, while its biggest public holder turned $13.3 million in revenue into a $620.6 million quarterly profit ๐
Hyperliquid Strategies, the Nasdaq-listed company that buys and stakes HYPE, booked that profit mostly from paper gains on its token stack. In the same report it disclosed an application with US regulators to become a futures commission merchant, a broker that could carry US client accounts on Hyperliquid's HIP-3 markets. For now, the platform stays closed to US traders.
For holders, here's the link: nearly all Hyperliquid fee revenue goes to HYPE buybacks, so every new group of traders feeds that loop. A week earlier, NYSE owner ICE teamed up with Trade.xyz to bring Hyperliquid-based perps to US traders.
Two US doors in one week, one token collecting the fees.
Would US access move your view on HYPE more than the next price swing? ๐
Follow Dlicom โ we'll track every step of Hyperliquid's road into the US ๐ช
Hyperliquid Strategies, the Nasdaq-listed company that buys and stakes HYPE, booked that profit mostly from paper gains on its token stack. In the same report it disclosed an application with US regulators to become a futures commission merchant, a broker that could carry US client accounts on Hyperliquid's HIP-3 markets. For now, the platform stays closed to US traders.
For holders, here's the link: nearly all Hyperliquid fee revenue goes to HYPE buybacks, so every new group of traders feeds that loop. A week earlier, NYSE owner ICE teamed up with Trade.xyz to bring Hyperliquid-based perps to US traders.
Two US doors in one week, one token collecting the fees.
Would US access move your view on HYPE more than the next price swing? ๐
Follow Dlicom โ we'll track every step of Hyperliquid's road into the US ๐ช
