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steven.hl
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If you received the HYPE airdrop back in November, what has happened to your stack since TGE? Be honest.
Hyperliquid
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steven.hl
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Hyperliquid sees $2.75m in fees for the AF today from 2.82 bps of exchange volume. It's safe to say the new fee system is resulting in a change of 2.2 bps -> 2.8 bps. I'll be out of town for Mother's day weekend, so these updates will shift to a monthly occurrence. Hyperliquid
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We finally got some volatility coupled with the new fee system which raked in over $3.1m in AF buybacks! The last time the AF bought back $3m+ was on April 7th (over a month ago). This is thanks for the increased fees, of which was 2.84 bps of exchange volume today. Hyperliquid
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Day 3 of the new fee system shows a slight decrease from yesterday, but still higher than day 1: - April average: 2.2 bps - May 5th: 2.68 bps - May 6th: 2.83 bps - May 7th: 2.71 bps Until market wide volatility comes back, 2.7 - 2.8 bps seems to be the new normal. Hyperliquid
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In market conditions where BTC dominance continues to rise, finding quality alts has never been more important. HYPE paired against TVās index of defi coins is finally making new ATHs for the first time since Dec 22nd. This is with HYPEUSD still down -40% from ATHs. Hyperliquid
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My followers voted for daily updates on HL's fee accrual increase via the new fee system so here is what the second day looks like. As expected, today's print is even higher than yesterday, at 2.83 bps of total exchange volume (+28.6% compared to April average). Hyperliquid
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