Hyperliquid Permanently Removes 48.89 Million HYPE From Maximum Supply

Hyperliquid has permanently removed 48.89 million HYPE tokens from its maximum supply, representing 4.89% of the maximum supply.

The protocol bought and burned 34,280 HYPE over the past 24 hours at a volume-weighted average price of $95.25. The buyback was valued at approximately $3.26 million.

Hyperliquid’s revenue totaled $60.58 million over the past 30 days. The cumulative burn reduces the amount of HYPE that can remain available under the token’s maximum supply, while the latest buyback adds to the total permanently destroyed.