Hyperliquid Burns $10.15 Million in HYPE in 24 Hours
Hyperliquid has burned approximately 112,580 $HYPE over the past 24 hours at an average price of around $90. 20
Most importantly, revenue over the last 30 days was $52.06 million
The total HYPE burned was 49.25 million HYPE tokens
which is equivalent to approximately 4.92% of the maximum supply
This means that as the protocol’s fees and revenue increase, the volume of HYPE purchased and burned can also increase
And this is where the equation gets very interesting:
Greater activity on Hyperliquid ← Higher revenue ← HYPE buyback ← HYPE burn ← Lower supply
49.25 million HYPE have been permanently removed from circulation
Hyperliquid has burned approximately 112,580 $HYPE over the past 24 hours at an average price of around $90. 20
Most importantly, revenue over the last 30 days was $52.06 million
The total HYPE burned was 49.25 million HYPE tokens
which is equivalent to approximately 4.92% of the maximum supply
This means that as the protocol’s fees and revenue increase, the volume of HYPE purchased and burned can also increase
And this is where the equation gets very interesting:
Greater activity on Hyperliquid ← Higher revenue ← HYPE buyback ← HYPE burn ← Lower supply
49.25 million HYPE have been permanently removed from circulation
