Huoxing Finance reports that, on August 3, according to Onchain Lens data, Hyperliquid burned HYPE tokens worth approximately $760,210 over the past 24 hours. The data shows that during the latest reporting period, approximately $777,200 in revenue generated by Hyperliquid was allocated to the Assistance Fund and HYPE holders. To date, Hyperliquid has cumulatively burned 46.19 million HYPE tokens, equivalent to approximately $2.5 billion at current value, representing 4.62% of HYPE’s maximum supply of 1 billion tokens.
Hyperliquid Burns $760,000 HYPE in 24 Hours, Total Value Destroyed Reaches $2.5 Billion
MarsBitShare
Summary
Hyperliquid burned $760,210 worth of HYPE tokens within 24 hours, according to on-chain data from Onchain Lens. The platform also distributed $777,200 in revenue to the Assistance Fund and token holders. The total value destroyed now stands at $2.5 billion, with 46.19 million HYPE tokens burned—representing 4.62% of the maximum supply. Inflation metrics continue to reflect robust token burn activity.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.