Hyperliquid burns nearly 5% of HYPE token supply valued near $4 billion
Hyperliquid has cumulatively bought back and burned nearly 5% of its 1 billion maximum HYPE token supply, removing tokens valued at up to $3.9 billion.
Hyperliquid has cumulatively bought back and burned approximately 49.87 million HYPE tokens, representing 4.99% of its 1 billion maximum supply, according to Wu Blockchain. The removed supply carries an estimated market value between $3.89 billion and $3.90 billion.[1]
On-chain burn tracking shared by Wu Blockchain and Crypto Banter shows the burns comprise roughly 48.32 million HYPE from Assistance Fund buybacks, approximately 1.18 million HYPE burned via HyperCore, and around 368,440 HYPE consumed via HyperEVM gas. Crypto Banter noted the 1.18 million HYPE permanently destroyed directly represents 0.12% of maximum supply, valued at roughly $93.4 million, alongside $3.82 billion held by the Assistance Fund. The tracker also showed a circulating supply of 301.97 million HYPE against a total supply of 998.82 million at a price of $79.10 per token.[1][3]
Over a recent 24-hour window, the protocol burned an additional 19,700 HYPE worth $1.59 million while generating an estimated $1.69 million in fees, bringing cumulative protocol revenue to about $1.38 billion, Wu Blockchain reported. While the supply reduction could bolster token scarcity and support value, market confidence in HYPE reaching $100 before the end of the year remains low, according to Crypto Briefing.[1][2]
Key facts
- Hyperliquid has cumulatively bought back and burned 49.87 million HYPE, equal to 4.99% of its 1 billion maximum token supply.
- The cumulative HYPE burns are valued between $3.89 billion and $3.90 billion at prevailing market prices.
- The burns include 48.32 million HYPE via Assistance Fund buybacks, 1.18 million HYPE via HyperCore, and 368,440 HYPE via HyperEVM gas.
- Over 24 hours, Hyperliquid burned 19,700 HYPE worth $1.59 million while generating $1.69 million in protocol fees.
- Hyperliquid's cumulative protocol revenue stands at approximately $1.38 billion.
- Tracker data recorded a circulating supply of 301.97 million HYPE out of 998.82 million total supply at a token price of $79.10.
- Crypto Briefing reported that market confidence in HYPE reaching $100 by year-end remains low.
Sources · 3 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
Hyperliquid's HYPE Token Burns Near 5% of Maximum Supply, Worth $3.89 Billion Hyperliquid has cumulatively bought back and burned approximately 49.87 million HYPE tokens, equivalent to 4.99% of its 1 billion maximum supply and valued at roughly $3.89 billion at current prices. Over the past 24 hours, another 19,700 HYPE worth $1.59 million were reportedly burned, while estimated protocol fees reached $1.69 million. Cumulative protocol revenue stands at approximately $1.38 billion.
Open source - CB
Crypto BriefingArticle ·
Hyperliquid burns $4B in HYPE tokens, reducing supply by nearly 5% The token burn may enhance scarcity, potentially boosting HYPE's value, but market confidence in reaching $100 by year-end remains low. The post Hyperliquid burns $4B in HYPE tokens, reducing supply by nearly 5% appeared first on Crypto Briefing .
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨HYPERLIQUID HAS BURNED NEARLY 5% OF HYPE MAX SUPPLY! Hyperliquid has permanently destroyed about 1.18 million hyperliquid:native (0.12% of the 1 billion maximum supply), valued at roughly $93 million. The Assistance Fund holds another 48.32 million hyperliquid:native (about $3.82 billion) that is also burned. Combined, that brings the total burned to roughly 49.5 million hyperliquid:native, nearly 5% of max supply.
Open source