$HYPE up +220% YTD and Kraken just dropped the hammer.
Kraken's parent is going full regulated degen — first CFTC-registered firm launching perp markets on Hyperliquid for US clients. That's not just adoption, that's institutional validation.
The numbers are unhinged:
• 56%+ of ALL onchain perp OI lives on Hyperliquid
• $1.26B+ spent buying back $HYPE from the open market
• ~95% of protocol fees get dumped straight into $HYPE buybacks
This is what real tokenomics look like. Not promises. Not roadmaps. Actual revenue → actual buybacks → actual price action.
If you're not watching $HYPE, you're missing the onchain perp rotation.
Kraken's parent is going full regulated degen — first CFTC-registered firm launching perp markets on Hyperliquid for US clients. That's not just adoption, that's institutional validation.
The numbers are unhinged:
• 56%+ of ALL onchain perp OI lives on Hyperliquid
• $1.26B+ spent buying back $HYPE from the open market
• ~95% of protocol fees get dumped straight into $HYPE buybacks
This is what real tokenomics look like. Not promises. Not roadmaps. Actual revenue → actual buybacks → actual price action.
If you're not watching $HYPE, you're missing the onchain perp rotation.
