Hyperliquid burns 20,200 HYPE in a day, worth $1.8M
- —20,200 HYPE burned in 24 hours, worth $1.8M at $89.05
- —Cumulative burn at 49.09M HYPE, 4.91% of max supply
- —Total value of burned tokens estimated at about $4.29B
- —Protocol revenue over the past 30 days reached $55.89M
Why it matters: Recurring buybacks and burns shrink HYPE supply, tightening scarcity as protocol revenue stays strong.
Source: TokenPost