Hyperliquid Proposes $1 Billion HYPE Exclusion From Circulating Supply

Cointribune

Release Time:12/18/2025 08:41:59

HYPE

$24.296-1.34%

Hyperliquid has put forward a governance proposal to validators, seeking recognition of 37 million HYPE tokens—worth about $1 billion—as permanently locked and effectively burned. These tokens are held in an assistance fund funded by trading fees and stored in an address with no private key. The vote aims to align the protocol’s economic reporting with its actual state, improving transparency. The fund is automatically replenished with HYPE from trading fees. The proposal does not require on-chain action but updates how the protocol’s metrics are interpreted.

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