Decentralized exchange Hyperliquid has permanently burned nearly 5% of its total HYPE token supply, removing 49.87 million tokens from circulation. This burn is funded by the platform's $1.38 billion lifetime revenue, converting fee income into continuous token buybacks. Despite the burn, new tokens are still entering circulation due to monthly vesting schedules, meaning the net supply is expanding. The burn mechanism relies on an automated smart contract system that channels most trading fees to buybacks, aiming to create long-term deflationary pressure on the token supply.
HYPE (Hyperliquid) trades at Rp1.444.313 on Pluang as of Oct 29, 2026 16:51 WIB, down 3.27% in the past day. The market cap stands at Rp363,62 trillion with a 24-hour volume of Rp14,91 trillion. Selling pressure dominates with 59% of orders being sell orders, while typical holders keep HYPE for about 38 days.
Hyperliquid has burned 49.87 million HYPE tokens, worth about $3.89 billion, reducing the token's maximum supply by nearly 5%. This strategic move aims to increase scarcity, potentially boosting the token's market value and influencing investor senti...
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HYPE, the native token of Hyperliquid, increased by 4.8% following the announcement that Kraken's parent company, Payward, plans to launch a regulated U.S. perpetuals market on Hyperliquid's platform. This move would make Payward the first Commodity ...
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