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Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE https://www.coindesk.com/busin....ess/2026/08/09/hyper #kripto #crypto #coindesk

Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE

Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.
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