According to @milesdeutscher, Hyperliquid just recorded a new all-time high in daily revenue, marking a fresh peak for the exchange’s fee income. Source: Miles Deutscher on X (Aug 14, 2025). He further states that as market euphoria builds, the revenue figure could rise, and that HYPE is extremely reflexive to market sentiment and volatility—implying outsized sensitivity to swings in crypto risk appetite. Source: Miles Deutscher on X (Aug 14, 2025). Trading takeaway: if volatility accelerates, the author’s view suggests HYPE may exhibit stronger momentum relative to the broader market due to its sentiment-driven reflexivity. Source: Miles Deutscher on X (Aug 14, 2025).