Hyperliquid has cumulatively bought back and burned approximately 49.87 million HYPE tokens, equivalent to 4.99% of its 1 billion maximum supply and valued at roughly $3.89 billion at current prices. Over the past 24 hours, another 19,700 HYPE worth $1.59 million were reportedly burned, while estimated protocol fees reached $1.69 million. Cumulative protocol revenue stands at approximately $1.38 billion.