July 22, 2026·Bullish·tokenomics

Hyperliquid Burns $1.39M in Fees via HYPE Buybacks

Hyperliquid generated ~$1.393 million in platform fees over the past 24 hours, with 99% used for open-market buybacks of HYPE tokens, which are then permanently burned, reducing total supply.

Detected & updated continuously · Source: Nebula

Mentioned

Hyperliquid (hype)

Sources

@Hyperliquid_Hub

gmeow! Hyperliquid collected ~$1.393M in platform fees over the last 24 hours. 99% of the fees are used for open-market buybacks of HYPE, which are then permanently burned. Total HYPE burned to date: >47.2 million tokens (~18.67% of current circulating supply per https://t.co/k26sHcOEVd