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Hyperliquid Burn UpdateIn the last 24 hours, Hyperliquid generated approximately $1.56M in fees, with 99% automatically used to buy back and permanently burn HYPE on the open market. Total HYPE burned from all sources so far: 47,018,295+This amount now represents roughly 18.58% of the current circulating supply. Burns come from multiple sources: Fee buybacks (main driver — on track for ~$700M/year) HyperEVM gas burns Spot & HIP-3 Ticker Auction burns Priority fees Deflationary pressure continues to build.

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