Odaily Planet Daily reports, according to Onchain Lens monitoring, Hyperliquid burned HYPE worth approximately $1.12 million over the past 24 hours, while generating $1.41 million in fees during the same period. Hyperliquid has cumulatively burned 475.7 million HYPE tokens, valued at approximately $2.64 billion, representing 4.76% of the maximum supply of 1 billion HYPE tokens.
Hyperliquid Burns 47.57 Million HYPE Tokens Worth $2.64 Billion
KuCoinFlashShare
Summary
Hyperliquid announced new token listings after burning $112,000 worth of HYPE tokens in the past 24 hours, collecting $141,000 in fees. The platform has now burned 47.57 million HYPE tokens, valued at $2.64 billion, representing 4.76% of the 1 billion maximum supply. The announcement underscores ongoing efforts to reduce circulating supply and enhance token value.
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