Hyperliquid Fees Hit 43% Weekly Share as HYPE Trades at $42.01 on May 16, 2026

Hyperliquid’s on-chain activity has surged, with data showing roughly 43% of weekly blockchain fee share and about $11 million in fees generated last week. The protocol’s TVL rose from zero in mid-2024 to a $6 billion peak, while more than 95% of fees are directed to daily HYPE buybacks. As of May 16, 2026 (07:39 UTC), HYPE traded at $42.01, down -4.73% on the week, after pulling back from a $46.89 cycle high.