Hyperliquid’s financial infrastructure puts 97–99% of net fees into HYPE token buybacks

At TOKEN2049 Singapore on October 7–8, 2026, CEO Jeff Yan presented Hyperliquid’s financial infrastructure as a way to rebuild market plumbing—not replace existing finance. His pitch centered on a public order book, a fee-funded token buyback system and a trading business in which traditional assets now account for one-third of volume. Key takeaways Hyperliquid runs its own blockchain for spot and perpetual futures trading. The Assistance Fund directs approximately 97–99% of net fees toward HYPE repurchases. Non-crypto assets represent one-third of the platform’s trading volume in 2026. Speaking in a dedicated main-stage session at Marina Bay Sands, Yan described the platform as complementary to existing financial systems. He also said Hyperliquid has no direct competitors.

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