According to hypurrscan data, the Token Ticker named "GOD" was sold at Hyperliquid for $975,746.79, setting a new auction record. The next auction is about to start, with a starting price of $1,951,493.59.
It is reported that Hyperliquid's listing process is a 31-hour Dutch auction, during which the token deployment fee will drop linearly from the initial price to $10,000 in stablecoins (USDC) until a token is auctioned and listed on the Hyperliquid spot market. If the last auction fails, the initial price will return to $10,000 in stablecoins, otherwise the starting price of the auction will be twice the previous price.
In the past 30 days, Hyperliquid has generated approximately $26.5 million in USDC revenue. The revenue from auction tokens accounted for $2 million of this, and the rest came from platform fees. These revenues are mainly redistributed to the insurance fund.