Everything on DeFi Tokenomics

Hyperliquid’s tokenomics, which burn 97% of revenue, set a new standard for DeFi valuation. Protocols that do not return revenue to token holders via buybacks or staking are fundamentally undervalued or mispriced.

Impact: The market will increasingly favor protocols with transparent revenue distribution mechanisms, leading to a consolidation of value in high-quality DeFi assets.

— from AI Job Losses, War, and Crypto Liquidity · The Milk Road Show· Mar 03, 2026