The Hyperliquid HIP-3 market has generated a total of $44 million in revenue, with half of it used to buy back HYPE tokens

BlockBeats News, June 24th, on-chain data shows that as of now, the HIP-3 market has generated a total of $44 million in revenue. Out of this, $22 million has been allocated to HIP-3 developers, while the remaining $22 million is used to buy back HYPE tokens.

HIP-3 is a market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and receive protocol revenue share based on market performance. The disclosed data indicates that HIP-3 has become a significant revenue stream within the Hyperliquid ecosystem, while continuing to support the buyback of HYPE tokens.