Hyperliquid is the largest revenue generating protocol in the space generating $792M annualised based on the last 30 days of fees.

All directed to a token buyback mitigating the downside of those looking to take profits with a stacked orderbook below of fresh buyers.

Higher prices requires a change of hands whether it be the AF or new entrants. No doubt we see $60 $HYPE and higher some time this year.