Bitwise CIO "HYPE Uses 99% of Fees for Token Buyback... Value Capture Structure Clear"

Bitwise CIO Matt Hougan evaluated on X that Hyperliquid's (HYPE) business model is very easy to explain to financial advisors. He explained that Hyperliquid's value capture structure is clear because it uses 99% of its generated fees for token buybacks. Hougan added, "After discussing with financial advisors multiple times, explaining Hyperliquid was as easy as magic."