According to Flood (@ThinkingUSD), spot trading focused on HYPE tokens is generating close to $1 billion in average daily volume (ADV), with platforms earning approximately $200,000 in daily revenue at a monetization rate of 2 basis points per order (Source: Flood, Twitter, June 6, 2025). The lack of broad spot listings is resulting in a net benefit, creating a self-reinforcing trading flywheel where liquidity and trading activity continue to grow. This trend underlines the importance for traders to monitor HYPE-driven assets, as their concentrated demand and revenue generation can significantly impact market liquidity and short-term crypto price movements.