Hyperliquid HIP-3 Generates $75 Million in Cumulative Revenue; Osmosis Considers Ending Inflationary Issuance as Protocol Value Capture Accelerates
Event: Hyperliquid HIP-3 has generated a cumulative $75 million in revenue, with $37.5 million going to deployers and the other $37.5 million used to buy back and burn the HYPE native token. HIP-3 enables deployers to launch perpetual markets on Hyperliquid, customize oracles and contract specifications, and reuse the protocol’s order book and liquidation infrastructure. The Osmosis community forum has opened discussion on a proposal to end OSMO inflationary issuance. It would stop daily minting by the mint module, with all staking rewards coming from protocol revenue. At the current burn rate, around 2 percentage points of the supply would be burned annually, with no new issuance to offset it. The proposal aims to go to an on-chain vote on October 20. Daily vesting releases for developers would also be suspended, with around 51.9 million OSMO remaining in the vesting module. Uniswap has launched an ETH/USDC pool with a mechanism that sets separate fees for buys and sells. #PancakeSwap proposes allocating 88 percentage points of fees to liquidity providers and cutting CAKE’s daily issuance by nearly 70%.
Reason: Leading decentralized exchanges and DeFi protocols are simultaneously shifting toward tokenomics focused on value capture, with buybacks, burns, and fee distribution replacing inflationary subsidies. This is a key sign that on-chain business models are maturing, and it also means less room for survival for small-cap, high-inflation tokens. Starknet has introduced shadow accounts to decouple the main wallet from DeFi interactions, while deposits in Morpho vaults surged 51 percentage points in the third quarter.
Impact and beneficiary tokens: Positive for HYPE, $HYPE , $OSMO , $CAKE , and CAKE. HYPE is at $80.91, down 0.91 percentage points, with a position of 24.8 percentage points; support is at $79.20 and $78.00, and resistance at $82.78 and $85.00. The buyback mechanism provides medium-term support for a price floor. OSMO is a direct beneficiary of the inflation model overhaul, though volatility may increase before the proposal passes. #osmo is a direct beneficiary of the inflation model overhaul, though volatility may increase before the proposal passes. $UNI is at $7.162, down 5.10 percentage points, with a position of 16.3 percentage points; support is at $7.06 and $6.74. The fee mechanism innovation could improve revenue in the medium term.
Event: Hyperliquid HIP-3 has generated a cumulative $75 million in revenue, with $37.5 million going to deployers and the other $37.5 million used to buy back and burn the HYPE native token. HIP-3 enables deployers to launch perpetual markets on Hyperliquid, customize oracles and contract specifications, and reuse the protocol’s order book and liquidation infrastructure. The Osmosis community forum has opened discussion on a proposal to end OSMO inflationary issuance. It would stop daily minting by the mint module, with all staking rewards coming from protocol revenue. At the current burn rate, around 2 percentage points of the supply would be burned annually, with no new issuance to offset it. The proposal aims to go to an on-chain vote on October 20. Daily vesting releases for developers would also be suspended, with around 51.9 million OSMO remaining in the vesting module. Uniswap has launched an ETH/USDC pool with a mechanism that sets separate fees for buys and sells. #PancakeSwap proposes allocating 88 percentage points of fees to liquidity providers and cutting CAKE’s daily issuance by nearly 70%.
Reason: Leading decentralized exchanges and DeFi protocols are simultaneously shifting toward tokenomics focused on value capture, with buybacks, burns, and fee distribution replacing inflationary subsidies. This is a key sign that on-chain business models are maturing, and it also means less room for survival for small-cap, high-inflation tokens. Starknet has introduced shadow accounts to decouple the main wallet from DeFi interactions, while deposits in Morpho vaults surged 51 percentage points in the third quarter.
Impact and beneficiary tokens: Positive for HYPE, $HYPE , $OSMO , $CAKE , and CAKE. HYPE is at $80.91, down 0.91 percentage points, with a position of 24.8 percentage points; support is at $79.20 and $78.00, and resistance at $82.78 and $85.00. The buyback mechanism provides medium-term support for a price floor. OSMO is a direct beneficiary of the inflation model overhaul, though volatility may increase before the proposal passes. #osmo is a direct beneficiary of the inflation model overhaul, though volatility may increase before the proposal passes. $UNI is at $7.162, down 5.10 percentage points, with a position of 16.3 percentage points; support is at $7.06 and $6.74. The fee mechanism innovation could improve revenue in the medium term.