Why is $HYPE the token that benefits the most from the overall growth of the entire Hyperliquid ecosystem — both HyperCore (the perp DEX) and HyperEVM?

Here’s why:

1. Revenue from the perp DEX exceeds $1 billion per year, all of which is used to buy back $HYPE on the open market.

2.With HIP-3 activated, the demand to stake and lock $HYPE will surge — every new perp market listed requires 1,000,000 $HYPE to be locked. This mechanism incentivizes major Wall Street market makers, institutional players, and large funds to come build and launch new markets to earn trading fees.

4.Meanwhile, HyperEVM is already outperforming Ethereum in terms of performance.

If Hyperliquid can handle $400–500 billion in daily onchain trading volume,
→ this would generate enormous fee revenue,
→ leading to even more $HYPE buybacks,
→ and ultimately creating long-term, sustainable value for both $HYPE and the entire Hyperliquid ecosystem.

Let us know what you think about Hyperliquid’s scalability potential.

3.HypeBFT offers limitless scalability.

There are still massive markets like Forex, commodities, and U.S. equities waiting to be brought onchain via Hyperliquid. Institutions have clear incentives to be the ones to list and operate these markets.