GLC Research said in a post on X that Hyperliquid’s "priority fee" mechanism has generated more than $5 million in cumulative revenue so far. Based on 14-day and 30-day average levels, the firm said the revenue currently supports an annualized buyback size of more than $30 million, accounting for about 7% of HYPE’s total revenue. GLC Research added that the mechanism is still at an early stage, and projected that the annualized revenue run rate could rise to between $50 million and $100 million by the end of the year if growth continues. The statement was cited by ChainCatcher in a 7x24 news update.
GLC Research said in a post on X that Hyperliquid’s "priority fee" mechanism has been a major success, with cumulative revenue surpassing $5 million.
According to the post, based on 14-day and 30-day average levels, the revenue supported by the mechanism implies an annualized buyback size of more than $30 million, or about 7% of HYPE’s total revenue.
GLC Research also said the priority fee mechanism remains at a very early stage. It expects the annualized revenue run rate to keep growing and potentially reach $50 million to $100 million by year-end.
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