$939 million in fees… Hyperliquid (HYPE) also operates its own token
Original headline9억3900만달러 수수료…하이퍼리퀴드(HYPE), 자체 토큰도 운영
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Hyperliquid's (HYPE) trailing 12-month trading fees totaled $939 million, according to a blockchain revenue report published by venture firm 1kx covering data through the third quarter of 2026. The figure represents the aggregate fees paid by users during trading, not the Hyperliquid team's net revenue or profit, and the report notes that gross fees should be distinguished from amounts distributed to participants. Hyperliquid operates its own token, meaning it cannot be cited as a case of generating revenue without issuing a token. The Korean won conversion cited in the report used an exchange rate of 1,344.42 won per dollar as of November 2. What to watch: how Hyperliquid's fee distributions are allocated among participants and whether trading volumes sustain this fee run-rate going forward.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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