Hyperliquid burns 11,340 HYPE worth $89,100 in 24 hours
- —11,340 HYPE burned for $89,090 at an average price of $78.55
- —Platform fee revenue for the day was about $76,490
- —Cumulative burn totals 49.63 million HYPE, 4.96% of the 1 billion supply
- —Hyperliquid's 30-day revenue stands at about $69.94 million
Why it matters: Steady buybacks shrink HYPE's supply and tie the token's value to the platform's actual revenue.
Source: PANews