$HYPE: Onchain Liquidity Infrastructure Scaling Rapidly - TVL at $5.1b ATH, up +42% in 30d, +132% in 90d; $426M staked collateral. - Open Interest at an ATH of $14.7b, ranking 6th largest crypto exchange. - 24h fees hit $6m ATH; weekly revenue ATH of $27m+, annualizing ~$1.4b; majority from HyperCore, HyperEVM ~$179K weekly. - USDT, USDe, XAUt0 are live and composable on Core + EVM; hwHLP vault (~9.1% APY) launched. - Builder Codes fuel monetization; Phantom wallet integration on pace for $1m monthly fees and $1–2m revenue/month for Hyperliquid. - Assistance Fund hold 27m $HYPE with ~$725M profit and $1.2b NAV. - $888M $HYPE locked via SONN treasury launch backed by $305M cash + $583M token raise. - Hyperliquid shifts from DEX to liquidity infrastructure platform with AWS-like vision; liquidity depth drives builder growth, product innovation, and compounding revenue streams. @HyperliquidX