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Hyperliquid protocol revenue hits $13.48M with $12.42M HYPE tokens burned this week

Protocol Fundamentals
18 Sep 2026
Blockonomi
View Source
Bullish
Hyperliquid protocol revenue hits $13.48M with $12.42M HYPE tokens burned this week

Hyperliquid's weekly protocol revenue reached $13.48 million, generating $15.11 million in gross fees. The protocol burned 156.58K HYPE tokens worth about $12.42 million, continuing a trend of increasing revenue and token burns. Cumulative revenue has now hit $1.31 billion with 48.70 million HYPE tokens removed from circulation, reducing supply by nearly 5%. The platform's DeFi TVL rose to $1.31 billion, supported by $6.83 billion in stablecoin liquidity, mainly USDC. Sustained fee growth relative to HYPE's price gains is crucial for maintaining the token burn cycle that helps reduce supply and potentially supports price stability.

Hyperliquid's HYPE token is currently priced at Rp1.580.884 on Pluang, showing a strong 11.61% increase in the last day. Market activity is fairly balanced with 54% sell and 46% buy orders, and the typical hold time is 37 days. This data is as of Sep 18, 2026 17:02 WIB.

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