Hyperliquid AQAv2 Activated: HYPE Nears New All-Time High

Hyperliquid has activated its AQAv2 framework, which channels USDC reserve yield into fresh HYPE token buyback and burn activity. This rollout coincides with HYPE's push towards a new all-time high.

The AQAv2 framework directs roughly 90 percent of the USDC yield generated from reserves held on the platform into the protocol's Assistance Fund every 30 days. The fund uses these proceeds for token buyback on the open market, followed by a permanent burn.

HYPE is trading close to its record high at the time of writing, with a 24-hour trading volume topping $1 billion. This development adds fuel to fresh HYPE price prediction chatter among traders watching for a breakout past the current peak.