Hyperliquid hits $6.84M daily revenue record on 5 February as HYPE price momentum slows

On 5 February, Hyperliquid's perpetual DEX booked a record $6.84 million in daily revenue, largely driven by surging real-world asset markets such as silver and gold. A sizeable $5.25 million from that haul was routed into HYPE buybacks, bringing total repurchased tokens to 40.5 million, but after an 84% price rally the token has slipped below its 200-day SMA and may face extended consolidation.