GLC Research Says Hyperliquid Priority Fee Revenue Tops $5 Million

GLC Research said on X that Hyperliquid's priority fee mechanism has generated more than $5 million in cumulative revenue. According to ChainCatcher, the revenue has supported an annualized buyback scale of more than $30 million based on 14-day and 30-day averages, representing about 7% of HYPE's total revenue.The firm said the mechanism is still at an early stage and expects the figure to keep rising, with annualized revenue potentially reaching $50 million to $100 million by the end of the year.