Hyperliquid Burns $1.28M in HYPE in 24 Hours as Lifetime Burn Hits $2.68B

Hyperliquid removed about $1.28 million in HYPE from circulation over the past 24 hours, Onchain Lens data showed. 

The protocol recorded $1.65 million in fee revenue during the period. Total burns now stand at 47.53 million HYPE, valued at roughly $2.68 billion, equal to 4.75% of the token’s 1 billion maximum supply.

As of publication, HYPE was trading at $55.63, up 3.1% over the past seven days.

Source: Onchain Lens