Hyperliquid AQAv2 will launch on August 26 and is expected to increase HYPE repurchases by $135-160 million per year

Comparing news, according to Bitcoin.com, the decentralized derivatives trading platform Hyperliquid's native token HYPE is close to $73. Crypto trader Pentosh1 said that its fee burning mechanism will expand after the AQAv2 upgrade, which may support its continued performance in the next round of the bull market.

Hyperliquid has destroyed 462 million HYPE units through repurchases since November 2024, worth approximately $1.27 billion, and approximately 99% of agreement fees are used for repurchases. The platform's annualized agreement revenue is currently around $600 million to $950 million. AQAv2, or Aligned Quote Asset v2, plans to import approximately 90% of the platform's USDC reserves of more than US$5 billion into the Assistance Fund on August 26, and the first payment is expected to arrive on October 3. Market participants estimate that AQAv2 can add an additional $135 million to $160 million in repurchases each year.

Both Coinbase and Circle, which were designated as Hyperliquid's official USDC fund distributors in May, have pledged to pledge large-scale HYPE to help launch the mechanism.