Kev 🌊 | HyperFundamentals retweeted
Excited to work with Payward to forge a path for onchain derivatives built on Hyperliquid's infrastructure. Kraken is one of the most trusted and respected exchanges in crypto. They are also true believers in the technology and crypto ethos. We're honored that they are building on Hyperliquid to bring the next evolution of perpetual markets to the United States.
Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO, would act as the HIP-3* deployer: creating, owning, and administering the markets and clearing and settling the contracts. If approved, NinjaTrader Clearing, Payward’s CFTC-registered FCM, would carry client accounts.
HIP-3 will support optional deployer configuration for permissioned markets in a future network upgrade. This set of additional deployer functionality is collectively called HIP-3*. At its core, HIP-3* activation involves an onchain allowlist managed by the deployer or its sub-deployers. The functionality is strictly additive to HIP-3; its use is optional and up to the deployer. Existing markets remain unchanged. The initial release is available on testnet, where specifications are preliminary and subject to change based on feedback.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. HIP-3* gives deployers additional functionality to operate deployments consistent with the requirements applicable to them. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
Adding $ore $jup and solana:6GmAFSYs4gk3FDao5FzzySQpPZaWsa4rUJHacpMpUNgx next
👇👇
hyperfundamentals.replit.app
Buybacks are everywhere right now
$HYPE — 99% revenue
$UNI — 100% revenue
$PUMP — 50% revenue
$STONK — 60% revenue
$ORE — 99% revenue
$PONS — 80% revenue
$JUP — 50% revenue
HYPE is buying back almost 2× more than PUMP everyday
STONK has burned the most % of total supply out of all of them
Here’s their daily buying power 👇
🔎 Value Accrual Screener — Compare revenue multiples, supply, and how projects actually reward tokenholders.
Goal? Make finding fundamentally attractive crypto projects easier.
Try it out and tell me what you’d improve. 👇
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Hyperliquid is bigger than an exchange. It’s infrastructure for the next generation of on-chain finance.
Like Linux or the internet, its real power lies in enabling builders to create, innovate, and serve users on a shared foundation.
The goal is not to compete
Jeff Yan: Hyperliquid Is More Like the Internet or Linux Than a Traditional Exchange
Hyperliquid Labs co-founder Jeff Yan @chameleon_jeff said at DAS Asia 2026 on October 7 that Hyperliquid should not simply be viewed as a competitor to any particular exchange. He noted that Hyperliquid was initially compared to DeFi protocols, then major crypto exchanges, and now even traditional giants like CME and Nasdaq, yet none is a perfect comparison.
Yan argued that Hyperliquid is more like the internet or Linux, providing neutral public infrastructure rather than building multiple systems that serve the same purpose. He emphasized that the Hyperliquid community is not trying to replace existing platforms, but hopes to empower them with technology that helps them better serve their users.
no second best - best fundamentals in the game
hyperliquid:native
AQAv2’s 30-day cycle is coming to an end, with the yield expected to be sent to the Assistance Fund on November 2.
The average total USDC supply across HyperCore and HyperEVM reached $7,177.5M over the past 30 days, up from $6,925.5M in the previous 30-day period, representing a 3.6% increase.
This should result in an estimated $15,105,684.65 transfer to the Assistance Fund, averaging $503,522.82 per day, or approximately $183.79M annually.
All of it goes toward buying back and burning hyperliquid:native.
UNI trades at ~47x NEST’s revenue multiple.
Market mispricing revenue or pricing in risks the numbers don’t show?
📊 hyperfundamentals.replit.app
Kev 🌊 | HyperFundamentals retweeted
Hyperliquid has now permanently burned over 48.23 million solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g, representing approximately 4.83% of the original 1 billion token supply.
Latest burn data as of October 24, 2026:
Total Burned:
48,231,576 solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g
Reported cumulative value: $1.36 billion
Burn Activity:
Last 24 hours: 19,130 solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g ($1.48M)
Last 7 days: 165,100 solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g ($13.03M)
Last 12 months: 11.15M solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g ($539.49M)
Over the past 24 hours alone, approximately $1.48 million worth of solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g has been removed from supply.
Based on the average burn rate over the past 30 days, the dashboard estimates an annualized burn rate of 1.88%.
What makes Hyperliquid particularly interesting to me is the connection between real trading activity, protocol revenue, and token supply reduction.
The Assistance Fund's buybacks, alongside gas-related burns, create an ongoing mechanism for reducing solana:98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5g supply.
Daily burn activity may fluctuate, but the cumulative supply reduction continues to grow.
#Hyperliquid #HYPE #DeFi #Tokenomics
Kev 🌊 | HyperFundamentals retweeted
Look what arrived at my house today 💐
One of the kindest gestures I’ve ever had in web3.
Thank you so much @BoredApeYC, we love flowers in this household 😅
Ill let the photos explain the rest, WE will see y’all next year ❤️
Kev 🌊 | HyperFundamentals retweeted
Hyperliquid wallet count just hit 2.83M.
+7,777 wallets in 24h (+0.28%), more than double the ~1.38M at the start of the year.
Source: HyperTracker.
$hype has all the fundamentals
hyperfundamentals.replit.app
Is $HYPE becoming a buying opportunity? 👀🌊
Since Oct 6:
📉 Price: $94.15 → $77.36 (−17.8%)
📊 Daily Revenue: $1.92M → $1.96M (+2%)
30D Revenue: $65.78M
Price is falling. Revenue is holding up.
If fundamentals remain strong, is the market creating an opportunity or pricing in risks we can’t see yet?
Follow the revenue. 👇
hyperfundamentals.replit.app































