WuBlockchain
Hyperliquid has bought back and burned approximately 49.87 million HYPE, equal to 4.99% of the token's 1 billion maximum supply and worth roughly $3.89 billion at current prices. In the past 24 hours, another 19,700 HYPE, valued at $1.59 million, was reportedly burned. Estimated protocol fees reached $1.69 million over the same period.
Why it matters
The cumulative burn gives a measure of the scale of Hyperliquid's buyback activity against HYPE's fixed maximum supply. Protocol revenue has reached approximately $1.38 billion, providing another indicator of activity on the platform.
Market impact
The latest reported burn is a small fraction of the cumulative total, while the near-5% supply figure captures the longer-running reduction. HYPE holders and derivatives-market participants will be watching whether protocol fees and buybacks continue at a similar pace.
Frequently asked questions
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How much HYPE has Hyperliquid bought back and burned?
Approximately 49.87 million HYPE, equal to 4.99% of the token's 1 billion maximum supply.
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What is the reported value of the cumulative HYPE burn?
The burned tokens are valued at roughly $3.89 billion at current prices.
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How much HYPE was reportedly burned in the past 24 hours?
Approximately 19,700 HYPE, valued at $1.59 million, was reportedly burned over the past 24 hours.
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How much were Hyperliquid's estimated protocol fees over the past 24 hours?
Estimated protocol fees reached $1.69 million over the same 24-hour period.
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What is Hyperliquid's cumulative protocol revenue?
Cumulative protocol revenue stands at approximately $1.38 billion.
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