Hyperliquid Burns 5.05% of HYPE Supply as Total Reaches 50.47 Million

By Nov. 12, Hyperliquid had cumulatively burned about 50.47 million HYPE, equal to 5.05% of total supply; the burned tokens had a snapshot market value of about $3.55 billion.

In the 24 hours before the Nov. 12 report, Hyperliquid bought and burned about 21,200 HYPE at an average price of $72.31. The tokens were valued at about $1.53 million.

An earlier cumulative burn update put the total at 49.87 million HYPE. The latest figure is about 600,000 tokens higher.

Hyperliquid's platform revenue reached about $1.41 billion cumulatively, including about $68.82 million over the past 30 days. The $3.55 billion figure is the snapshot market value of burned tokens, separate from revenue earned by the platform.

The Assistance Fund's fee-to-burn process uses protocol fees to acquire HYPE, then removes those tokens from circulation through burns.