Revenue cooled with volume, but Hyperliquid still leads the industry in free cash flow.

Annualized FCF sits around $520–620M, with ~99% routed to $HYPE buybacks — and even after unlocks, valuation still screens cheap. Upside’s there, but it’s not risk-free.
#hype $HYPE

HYPEUSDT

Тұрақты

32.81

+2.99%