Hyperliquid Burns 47.58M HYPE Tokens Worth $2.61B

Hyperliquid has permanently removed 47.58 million HYPE tokens, valued at $2.61 billion, from circulation. This burn accounts for 4.76% of the total supply, with recent activity generating $1.63 million in fees.

Woofun AI data shows that Hyperliquid has permanently removed a cumulative total of 47.58 million HYPE tokens from circulation. The aggregate value of these burned assets stands at approximately $2.61 billion, which equates to 4.76% of the maximum supply cap of 1 billion tokens.

During the most recent 24-hour reporting window, the protocol executed a burn of HYPE valued at roughly $515,900. This activity coincided with the generation of $1.63 million in transaction fees.