💎Buyback Direct

Hyperliquid vs Sky

Compare buyback programs, yields, and tokenomics between HYPE and SKY. Which DeFi protocol offers better value to token holders?

Hyperliquid

Hyperliquid

HYPE

Layer-1 blockchain built specifically for high-speed, on-chain trading of perpetual derivatives with no gas fees for users.

Sky

Sky

SKY

Sky (formerly MakerDAO) is the decentralized protocol behind USDS and DAI stablecoins. SKY replaced MKR as the governance token at 24,000:1 ratio.

Detailed Comparison

MetricHYPESKYWinner
Price$25.42$0.064193-
Market Cap7.68B1.47BHYPE
Total Buyback Value$2.68M$36.95MSKY
Buyback Yield ⭐0.03%2.51%🏆 SKY
Mechanism🔥 Burn🔥 Burn-
BlockchainHyperliquidEthereum-
Revenue SourceTrading fees converted to HYPEProtocol Surplus & Staking Rewards-
Buyback FrequencyContinuousContinuous-

Summary

📊 Buyback Yield: Sky offers a higher buyback yield at 2.51%, compared to 0.03% for Hyperliquid.

💰 Total Buybacks: Sky has executed more buybacks in total value ($36.95M).

📈 Market Cap: Hyperliquid has the larger market cap at 7.68B.

Hyperliquid vs Sky: Which Is the Better Investment?

When comparing Hyperliquid and Sky, investors should consider multiple factors including buyback yield, total buyback volume, and the sustainability of each protocol's revenue model.

Understanding Buyback Yield

Buyback yield is calculated as the total buyback value divided by market cap. A higher yield indicates that more value is being returned to token holders relative to the protocol's size. In this comparison, SKY has the advantage with a 2.51% yield.

Key Differences

  • Hyperliquid operates on Hyperliquid and generates revenue from trading fees converted to hype.
  • Sky operates on Ethereum and generates revenue from protocol surplus & staking rewards.

Both HYPE and SKY represent real yield opportunities in DeFi. Use the data above to make an informed decision based on your investment criteria and risk tolerance.

Learn More

Hyperliquid DetailsSky DetailsView All Projects