Data compiled by Woofun AI shows that the Hyperliquid HIP-3 market has generated a total revenue of $44 million USD. Of this amount, $22 million has been allocated to HIP-3 developers, while the remaining $22 million is utilized for repurchasing HYPE tokens.

HIP-3 serves as the market creation and incentive mechanism within the Hyperliquid ecosystem, enabling developers to establish trading markets and earn protocol revenue sharing based on performance. This revenue distribution underscores HIP-3's role as a significant income source for the ecosystem while providing sustained financial support for HYPE token buybacks.