Hyperliquid Update In the last 24h, the protocol generated ~$1,597,630 in fees. 99% of that was used to buy back HYPE on the open market and burn it permanently. Total buybacks now exceed 47,100,335 HYPE — that’s ~18.6% of the entire circulating supply (per CoinMarketCap). Deflationary king The flywheel: More HIP-3 adoption → more trading activity → more protocol revenue → larger buybacks. hyperliquid:native #HYPE #Hyperliquid
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