Hyperliquid burns 49.87M HYPE, 4.99% of maximum supply
- —49.87M HYPE worth $3.89B burned, 4.99% of the 1B max supply
- —19,700 HYPE worth $1.59M burned in the past 24 hours
- —24-hour fees estimated at $1.69M; lifetime revenue $13.8B
Why it matters: The burn shrinks HYPE supply and ties exchange trading volume directly to token scarcity.
Source: PANews