ME News reports that, as of September 12 (UTC+8), OnchainLens data shows Hyperliquid repurchased and burned 32,770 HYPE tokens over the past 24 hours, valued at approximately $2.65 million based on an average price of $81.01. To date, Hyperliquid has cumulatively burned approximately 48.57 million HYPE tokens, representing about 4.86% of the maximum supply permanently removed. Hyperliquid’s HYPE buyback mechanism is primarily driven by platform trading fees, with protocol revenues used to repurchase and burn HYPE tokens. Recent on-chain data indicates this mechanism remains actively operational. (Source: BlockBeats)
Hyperliquid repurchases and burns 32,770 HYPE in 24 hours, total burned reaches 4.86%
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Summary
On-chain data shows that Hyperliquid repurchased and burned 32,770 HYPE tokens in the past 24 hours, valued at approximately $2.65 million at an average price of $81.01. The total burned HYPE supply now stands at 48.57 million, or 4.86% of the maximum supply. Buybacks are funded by trading fees, with protocol revenue allocated to ongoing token burns. The latest inflation data underscores the continued execution of the burn mechanism.
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