Hyperliquid: cumulative HYPE buyback and burn exceeds $1.3 billion
- —Cumulative HYPE buyback and burn exceeded $1.3 billion
- —Buyback is funded from the protocol's trading fees
- —Buyback and burn are different metrics: buyback volume does not equal supply reduction
- —When trading volumes and fees decline, the scale of the buyback decreases
Why it matters: The fee-funded buyback mechanism links exchange activity to HYPE supply, influencing how holders value the token.
Source: TokenPost