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Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE

Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPEWorldPing

Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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