Hyperliquid Burns 49.87M HYPE as Revenue Reaches $1.38B

Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at roughly $3.89 billion at the time of the on-chain snapshot, according to Onchain Lens. The tracker said the amount represented 4.99% of a 1 billion-token maximum supply and reported lifetime protocol revenue of $1.38 billion. The burn highlights how the decentralized exchange is using fee-driven mechanisms to reduce HYPE supply. HYPERLIQUID BURNS NEARLY 5% OF $HYPE SUPPLY @HyperliquidX has permanently burned 49.87M $HYPE (~$3.89B), representing 4.99% of its 1B max supply. · Past 24h: 19.7K $HYPE (~$1.59M) burned · Estimated 24h fees: $1.69M · Lifetime revenue: $1.38B pic.twitter.com/Vk3A2bgshj — Onchain Lens (@OnchainLens) October 29, 2026 Over the previous 24 hours, about 19,700 HYPE worth approximately $1.59 million were burned, while estimated fees reached $1.69 million.

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