According to on-chain analyst Onchain Lens (@OnchainLens), the decentralized exchange Hyperliquid repurchased and burned approximately 39,980 HYPE tokens over the past 24 hours at an average price of $94.18, valued at around $3.76 million. Since its launch, the platform has cumulatively burned approximately 48.84 million HYPE tokens, bringing the current total token value to about $4.64 billion, representing roughly 4.88% of the maximum supply. Additionally, Hyperliquid has generated cumulative protocol revenue of approximately $1.27 billion.
Hyperliquid repurchases and burns $3.76 million in HYPE over 24 hours
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Summary
Hyperliquid executed a protocol update, repurchasing and burning 39,980 HYPE tokens at $94.18 over 24 hours, totaling $3.76 million. Since launch, 48.84 million HYPE tokens have been burned, with a total value of $4.64 billion, or 4.88% of the maximum supply. The platform has generated $1.27 billion in cumulative protocol revenue. Crypto price news indicates that HYPE remains a key focus for on-chain activity.
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