TradeXYZ Allocates $610K Perps Fee Revenue to Buy HYPE Tokens

TradeXYZ diverts perpetual contract fees to acquire HYPE via TWAP, marking a shift from spot revenue usage for HIP-3 pair liquidity.

Woofun AI reports that TradeXYZ has deployed perpetual contract fee revenue to acquire HYPE tokens for the first time. The protocol transferred 250,000 USDC from its Perps fee wallet to buy approximately 2,000 HYPE, valued at $110,000, which was subsequently used for HIP-3 trading pairs. Recent activity shows a further transfer of 500,000 USDC to execute a TWAP strategy for roughly 9,000 HYPE, totaling about $500,000. This brings the cumulative investment to approximately $610,000, diverging from prior practices where spot trading fees funded HIP-3 expansions.