Hyperliquid Burns 19,750 HYPE in 24 Hours; Cumulative Destruction Reaches $2.75 Billion

HYPE-7.25%
According to Onchain Lens, Hyperliquid destroyed 19,750 HYPE tokens over the past 24 hours, valued at $1.13 million. Cumulatively, the protocol has burned 47.67 million HYPE, representing $2.75 billion and 4.77% of the maximum supply of 1 billion tokens. During the same 24-hour period, Hyperliquid generated $1.6 million in protocol fees.
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