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How Hyperliquid's tokenomics work and why HYPE holders care

calendar_today June 15, 2026 domain nexo

Hyperliquid’s tokenomics stand out for one reason: the protocol takes the large majority of the fees it earns from trading and uses them to buy HYPE back off the open market. This mechanism links token demand directly to platform activity rather than relying solely on market sentiment or narrative-driven speculation.

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