Hyperliquid, Polymarket Fee Data Spotlight Shift to Token Value Capture

The comparison matters less for the absolute figures than for the direction: fee revenue is becoming the metric by which these platforms are judged, and Hyperliquid's Assistance Fund turns that revenue into a visible buy-side flow for HYPE. Polymarket's trajectory suggests prediction markets can also produce meaningful fee income, which reframes them from pure attention plays into cash-generating venues. The open question is whether this fee growth is durable or event-driven, and whether other platforms copy the fee-to-token routing model.