Hyperliquid repurchased and burned 21,790 HYPE over the past 24 hours at an average price of $80.27, according to monitoring data from Onchain Lens. The tokens were valued at about $1.75 million. The latest burn adds to a cumulative total of 49.69 million HYPE destroyed so far, equal to roughly 4.97% of the token’s 1 billion maximum supply. Based on the same data, the cumulative value of burned HYPE has reached about $4.05 billion. Onchain Lens also estimated that Hyperliquid generated $1.65 million in fee revenue during the same 24-hour period. The figures point to continued token buyback-and-burn activity tied to the protocol’s recent operating performance.
Hyperliquid repurchased and burned 21,790 HYPE in the past 24 hours at an average price of $80.27, according to monitoring data from Onchain Lens. The tokens were worth about $1.75 million.
The cumulative amount of HYPE burned has now reached 49.69 million tokens, or about 4.97% of the token’s 1 billion maximum supply. The cumulative value of the burned tokens stands at about $4.05 billion. Estimated fee revenue over the past 24 hours was $1.65 million.
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