TREE NEWS reports: Hyperliquid bought back and burned about 11,340 HYPE tokens over the past 24 hours at an average price of $78.55, worth roughly $890,900, while platform fee revenue for the same period was estimated at about $764,900. Cumulative HYPE burns now total about 49.63 million tokens, valued at roughly $3.9 billion and equal to 4.96% of the 1 billion maximum supply. Hyperliquid’s revenue over the past 30 days was about $69.94 million.
Hyperliquid burns $891K of HYPE in 24 hours, total burn hits 4.96% of max supply
AI take
The burn outpacing same-day fee revenue is the detail worth noting: Hyperliquid spent more on buybacks than it earned in fees over that window, which points to a treasury or reserve cushion rather than pure fee-funded deflation. Cumulative burn near 5% of max supply gives HYPE a structural supply reduction story that most exchange tokens lack, and the 30-day revenue figure suggests the machine is still running. Whether the buyback-to-fee ratio normalizes or the gap widens is the open question for anyone tracking how sustainable the burn cadence really is.
Generated by AI for reference only.
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