On-chain monitor OnchainLens says Hyperliquid burned about $1.28 million worth of HYPE in the past 24 hours, lifting cumulative burns to 47.53 million tokens. That is worth roughly $2.68 billion at current prices, or 4.75% of the 1 billion HYPE maximum supply. During the latest reporting period, Hyperliquid generated $1.65 million in fees. BlockBeats reported the data on August 6.
On-chain monitor OnchainLens shows Hyperliquid burned roughly $1.28 million worth of HYPE over the past 24 hours. The buyback-and-burn mechanism keeps removing tokens from circulation. Cumulative burns have reached 47.53 million HYPE, worth about $2.68 billion at current prices. That equals 4.75% of the one billion HYPE maximum supply.
BlockBeats reported the latest figures on Aug. 6. Hyperliquid generated $1.65 million in fees during its most recent reporting period.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
