On October 3rd, Hyperliquid's AQAv2 treasury wallet completed its first payment, transferring $14.58 million from the platform's USDC reserves held over the past 30 days into the aid fund to purchase HYPE. This payment covers the period from August 26 to September 24, with an implied average rate of approximately 3.14%. Hyperdash co-founder Hans estimates the annualized revenue at around $193 million based on the current scale. Previously, the platform's income mainly came from trading fees, but now USDC margin deposits themselves are generating revenue, contributing about 15.4 cents per dollar of margin annually.