Hyperliquid burned another 20,640 HYPE over the past 24 hours, according to monitoring data from Onchain Lens cited by BlockBeats on July 26. The same data shows the protocol generated about $1.4 million in fees during that period, while the burned tokens were valued at about $1.2 million. Cumulative burns have now reached 47.27 million HYPE. Based on the figures provided, that amount is worth about $2.76 billion and represents 4.73% of the token’s 1 billion maximum supply. The update focuses on recent protocol fee generation and the ongoing reduction in circulating token inventory through burns.
BlockBeats reported on July 26, citing monitoring data from Onchain Lens, that Hyperliquid generated about $1.4 million in fees over the past 24 hours and burned 20,640 HYPE worth about $1.2 million during the same period.
So far, Hyperliquid has burned a cumulative 47.27 million HYPE, valued at about $2.76 billion. That total accounts for 4.73% of the token’s 1 billion maximum supply.
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