Hyperliquid Burns About $890,900 Worth of HYPE in 24 Hours

Hyperliquid repurchased and burned about 11,340 HYPE over the prior 24 hours, at an average price of $78.55 per token and a total value of about $890,900. The repurchase amount was about $126,000 above estimated platform fee income of $764,900 for the same period. The 24-hour figures compare the value of tokens bought and burned with estimated fees collected over that period. The fee figure is an estimate. Cumulative burns totaled about 49.63 million HYPE, equal to 4.96% of the token’s maximum supply of 1 billion. The cumulative amount was valued at about $3.9 billion. Hyperliquid revenue over the past 30 days was about $69.94 million. That figure covers a longer period than the 24-hour burn and fee totals. Enna Lee reports on investing and digital-asset markets for TokenPost.

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