pvp.trade previously earned $8.68 million in commissions, which has since increased to $24.34 million after purchasing HYPE.

CoinFeed reported on May 28th that, according to on-chain analyst Yu Jin, pvp.trade, which provides Hyperliquid TG trading bots and copy trading platforms, earned $8.68 million in commission revenue through transaction fee sharing. After Hyperliquid launched its token, the project gradually converted all its commissions into HYPE tokens, and the initial $8.68 million in commissions has now grown to $24.34 million. Yesterday, the project redeemed 400,000 HYPE tokens ($22.8 million) from its staked tokens, possibly preparing to take profits. Note: Hyperliquid's Builder Fees mechanism means that a portion of the transaction fees from trading products built using Builders is shared with the Builder products.