Hyperliquid’s team announced a 3x fee increase for HIP-3 (tokenized asset perps) in its next network upgrade, gradually removing the 90% discount currently applied to deployers. Analysts are divided on the move: Ryan Watkins of Syncracy Capital sees it as positive for revenue, while analyst Wazz fears a loss of the competitive pricing advantage. HIP-3 now accounts for over 60% of Hyperliquid’s total trading volume, dominated by TradeXYZ. The protocol’s revenue peaked at a record $57.5M in June before dropping to $38M in July, while the HYPE token surged 79% to a record high, gaining an additional 13%.
Source: Read the original article
