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Hyperliquid RWA永续合约热潮侵蚀HYPE支撑收入
Hyperliquid’s RWA perps boom is eating into the revenue that backs HYPE
Revenue has fallen four quarters running while open interest hit a record high. The gap is a fee-sharing program that hands half the platform's volume to outside builders.
更进一步：量化金融体系
看懂新闻只是起点——沿量化金融路径，把它变成能交付的工程能力