Hyperliquid Buys Back and Burns $10.15M Worth of HYPE in 24 Hours
AI Market Summary
Hyperliquid's purchase and burn of 112,580 HYPE (~$10.15M) within 24 hours reduces circulating supply and signals strong fee generation, with estimated 24h fees of $9.89M and $520.6M over 30 days. The cumulative burn of 49.25M HYPE underscores an ongoing supply sink funded by protocol revenue, which can tighten float and support token valuation dynamics in the near term.
Impact level
● Medium
Affected assets
HYPE/USDT+0.74%
AI Insight · HYPE/USDTAI Insight
▲ Bullish
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Hyperliquid bought back and burned 112,580 HYPE tokens over the past 24 hours at a volume-weighted average price (VWAP) of $90.20, for an estimated $10.15 million, according to Onchain Lens data cited by ChainCatcher. The funds are believed to have come from AQAv2 revenue and fees.
The same data estimates Hyperliquid generated $9.89 million in fees over the last 24 hours. Seven-day revenue was put at $98.5 million, with 30-day revenue reaching $520.6 million. In total, 49.25 million HYPE tokens—worth about $4.45 billion—have been permanently removed from circulation to date.
