HyperliquidHYPE

Supply-side fees is defined as the share of transaction fees and reserve yields generated within the Hyperliquid ecosystem that is distributed to external service providers and participants rather than retained by the protocol. Builder-code tips paid to frontends, HIP-3 deployer cuts on custom perpetual markets, and the portion of USDC reserve yield retained by stablecoin issuers are captured by this metric. These distributions are used to compensate ecosystem contributors, developers, and liquidity infrastructure providers for their services. Values are calculated across Hyperliquid Perps, Hyperliquid Spot, Hyperliquid Outcome Markets, HyperEVM, and USDC Reserve Income.Learn more