How Hyperliquid Managed to Lead 3 DeFi Apps That Paid Holders $96 Million In 4 Weeks
BeInCrypto
Hyperliquid, Pump.fun, and edgeX distributed $96.3 million to token holders over four weeks using varying fee-based revenue and buyback strategies.Summary
In a 30-day period, DeFi protocols Hyperliquid, Pump.fun, and edgeX collectively returned $96.3 million to token holders, signaling a shift toward real revenue rather than inflationary token emissions. Hyperliquid led the cohort by funding its entire payout through organic trading fees. Pump.fun, a token launchpad, shifted to a 50/50 revenue-sharing model to support buybacks, while edgeX acted as an outlier by distributing significantly more to holders than it generated in revenue, raising concerns about the long-term sustainability of its subsidized model.
(Source：BeInCrypto)