Hyperliquid Gains Attention as Research Firm Highlights HYPE Token Growth

Hyperliquid is attracting renewed attention after a prominent research firm identified the decentralized exchange and its HYPE token as a compelling investment opportunity. The report pointed to the platform’s ability to generate real revenue and support token value through an active buyback mechanism.

Unlike many digital assets that rely heavily on market speculation, Hyperliquid’s business model is closely tied to trading activity on its platform. The decentralized exchange specializes in perpetual futures trading and has become one of the largest players in the on-chain derivatives market.

HYPE Buyback Program Surpasses $2 Billion

According to DeFiLama data, Hyperliquid has generated approximately $1.06 billion in annualized fees and around $220 billion in 30-day perpetual futures trading volume. More than 90% of platform fees are directed to an assistance fund that regularly purchases HYPE tokens from the open market.

Since the buyback program launched in January 2025, cumulative HYPE purchases have exceeded $2 billion, making it one of the largest token buyback initiatives in the cryptocurrency sector.

Growing Perpetual Futures Market Supports Expansion

Hyperliquid’s growth comes as interest in perpetual futures continues to increase globally. Recent regulatory developments in the United States have encouraged major exchanges to expand their futures offerings, creating additional momentum for the sector. Analysts note that HYPE’s long-term performance will remain closely linked to trading volumes and the platform’s ability to maintain strong revenue generation.$Hype is down 3% in last 24 hours.