Decentralized perpetual exchange Hyperliquid has additionally bought back and burned 39,980 HYPE (approximately $3.76 million worth) over the past 24 hours. The volume-weighted average price (VWAP) of this buyback was $94.18. According to On-chain Lens, Hyperliquid's cumulative burn amount is 48.84 million HYPE, which accounts for 4.88% of the total maximum supply and is equivalent to approximately $4.64 billion at current market prices. The platform allocates 100% of its fee revenue to token burning, and its cumulative revenue has now surpassed $1.27 billion.
