Priority fees have been a huge success for Hyperliquid, generating more than $5M in cumulative revenue for $HYPE. On a 14-day and 30-day average basis, they're already tracking at an annualized run rate of over $30M in buybacks, representing roughly 7% of $HYPE's total revenue. That's a big deal considering how early priority fees still are. We're expecting that figure to continue growing and potentially reach $50–100M annually by EoY. Market conditions have been challenging for exchanges across the board, with subdued volumes and low volatility. Despite that, Hyperliquid has remained incredibly resilient with priority fees, HIP-3 / Trade[XYZ] dominating the RWA perps market and $USDC AQAv2. When volumes and volatility return, watch out. Hyperliquid is extremely well positioned and has continued to consistently take market share from CEXs, even in one of the toughest trading environments we've seen in a while. @HyperliquidR × @hl_eco — $HYPE Financials launching soon. Hyperliquid.