Hyperliquid data on burning HYPE: In the past 24h, 39,980 HYPE were burned (US$3.76 million). The weighted average price was $94.18. So far, a total of 48.84 million HYPE have been burned (US$4.64 billion), accounting for 4.88% of the maximum supply. The platform’s cumulative revenue is US$1.27 billion.
① The burn mechanism is the core anchor of HYPE’s value—each day, HYPE is repurchased and burned using the platform’s revenue. This closes the loop of “trading fees → rewards for token holders,” effectively meaning that HYPE holders automatically receive “dividends” every day.
② With a burn ratio of 4.88%, it has already reached the cumulative level of many tokens’ “annual inflation burn models,” but HYPE has only been live for less than 12 months, which suggests that the annualized burn rate may be 20%+.
③ For a protocol to truly run the “deflationary flywheel,” it needs Hyperliquid’s three-piece setup: “high daily active users + net fee inflow + proactive repurchase and burn,” rather than relying purely on forced repurchases after VC unlocks.
This HYPE burn-omics framework may be the most textbook-meaningful model in the DEX track by 2027.
① The burn mechanism is the core anchor of HYPE’s value—each day, HYPE is repurchased and burned using the platform’s revenue. This closes the loop of “trading fees → rewards for token holders,” effectively meaning that HYPE holders automatically receive “dividends” every day.
② With a burn ratio of 4.88%, it has already reached the cumulative level of many tokens’ “annual inflation burn models,” but HYPE has only been live for less than 12 months, which suggests that the annualized burn rate may be 20%+.
③ For a protocol to truly run the “deflationary flywheel,” it needs Hyperliquid’s three-piece setup: “high daily active users + net fee inflow + proactive repurchase and burn,” rather than relying purely on forced repurchases after VC unlocks.
This HYPE burn-omics framework may be the most textbook-meaningful model in the DEX track by 2027.