Financial Performance - Hyperliquid generates $7.7 million daily revenue [1] - Hyperliquid buybacks 99% of revenue [1] Market Dynamics - The industry suggests focusing on infrastructure plays rather than "shitters" (指质量差的项目) [1] - The industry highlights the importance of incentives in the market [1] - Hyperliquid's buyback program creates a permanent bid under the hype token [1]