Hyperliquid burns 112,580 HYPE worth $10.15M in 24 hours
- —112,580 HYPE worth $10.15M burned in the past 24 hours
- —Average buyback price was $90.2 per token
- —Cumulative burn totals 49.25M HYPE, valued at ~$4.45B
- —24-hour fees hit $989K; 30-day revenue reached $52.06M
Why it matters: The shrinking supply supports HYPE scarcity, but the pace of buybacks hinges on the protocol's fee revenue holding up.
Source: TokenPost