Hyperliquid Burns Nearly 5% of HYPE’s Maximum Supply, Valued at $3.89 Billion
Hyperliquid has cumulatively bought back and burned approximately 49.87 million HYPE tokens, representing 4.99% of the cryptocurrency’s maximum supply of 1 billion tokens, according to figures shared by Wu Blockchain. The burned tokens are valued at roughly $3.89 billion at current prices.
The figures highlight the scale of Hyperliquid’s cumulative HYPE buyback and burn activity, alongside the protocol’s reported fee generation and revenue. The latest data also records additional token burns over the past 24 hours.
Nearly 50 Million HYPE Tokens Burned
Hyperliquid has reportedly removed approximately 49.87 million HYPE from circulation through cumulative buybacks and burns. Against a maximum supply of 1 billion tokens, that amount is equivalent to 4.99% of the total supply limit.
Wu Blockchain valued the cumulatively burned tokens at approximately $3.89 billion at current prices. That valuation reflects the reported market value of the tokens, rather than a separate measure of protocol revenue or cash generated through the buyback activity.
The reported figures distinguish between HYPE’s maximum supply and the quantity that has been bought back and burned. The 1 billion maximum supply represents the stated upper limit, while the 49.87 million figure refers to tokens that Hyperliquid has cumulatively bought back and burned.
Latest Burn and Protocol Fees
Over the past 24 hours, approximately 19,700 additional HYPE tokens were reportedly burned, with a stated value of $1.59 million. The latest daily figure represents a portion of the cumulative burn total rather than the entire amount removed through the buyback and burn activity.
Estimated protocol fees reached $1.69 million over the same 24-hour period, according to the figures reported by Wu Blockchain. These fees provide a separate measure of activity associated with the protocol and should not be confused with the estimated markets value of burned HYPE tokens.
The reported daily burn value of $1.59 million and estimated protocol fees of $1.69 million are close in size, but they measure different things. One represents the stated value of tokens burned during the period, while the other represents estimated fees generated by the protocol.
Hyperliquid Protocol Revenue Reaches $1.38 Billion
Hyperliquid’s cumulative protocol revenue stands at approximately $1.38 billion, according to the same report. This figure provides a longer-term measure of revenue alongside the more recent fee estimate and the cumulative HYPE buyback and burn figures.
The reported metrics cover three distinct measures: approximately 49.87 million HYPE tokens cumulatively bought back and burned, $1.69 million in estimated protocol fees over the past 24 hours, and approximately $1.38 billion in cumulative protocol revenue. The burn total is valued at roughly $3.89 billion at current prices, while the maximum HYPE supply is 1 billion tokens.
Wu Blockchain reported the figures as Hyperliquid’s cumulative HYPE burns approached 5% of the token’s maximum supply, with another 19,700 HYPE reportedly burned over the past 24 hours.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
Check out other news and articles on Google News
Disclaimer:
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.