Hyperliquid negotiated to capture 90% of Circle's USDC reserve yield, potentially directing $135M-$160M annually into HYPE token buybacks via its AQAv2 deal.

The revenue share deal could shift an estimated $160 million in revenue from Coinbase and Circle into Hyperliquid's ecosystem, Compass Point analysts said.

Hyperliquid negotiated to capture 90% of Circle's USDC reserve yield, potentially directing $135M-$160M annually into HYPE token buybacks via its AQAv2 deal.

Hyperliquid's HYPE token has decoupled from Bitcoin with 101% YTD gains as the platform's revenue explodes across multiple sectors.

Hyperliquid's HYPE token nears its all-time high as derivatives open interest hits $9.4B, fee revenue dominates crypto, and short squeeze conditions build.

HYPE nears its all-time high as the new AQAv2 Coinbase partnership and historic spot ETF launches fuel a massive 50% weekly rally.

Hyperliquid's HYPE token hits a new all-time high near $59.4, up over 1,600% from its November 2024 low, driven by massive derivatives volumes on the DeFi-focused Layer-1.