Hyperliquid's trading volume drives growth in its HYPE token burn mechanism, with weekly protocol revenue reaching $13.48 million and gross fees at $15.11 million. This revenue helped remove 156.58K HYPE tokens worth about $12.42 million, contributing to a cumulative $1.31 billion in revenue and a 4.87% reduction in total HYPE supply. The platform's liquidity, especially in USDC stablecoins, supports sustained trading activity and fee generation, which is crucial for maintaining the burn cycle. However, the burn rate depends on fee growth outpacing HYPE's price appreciation; otherwise, token removal may slow despite strong fees. Continued trading growth is key to increasing both fee revenue and token burns, impacting HYPE's supply reduction effectively.
Hyperliquid's HYPE token price on Pluang is Rp1.534.984 as of Sep 18, 2026 11:11 WIB, showing a strong 9.09% gain in one day. The token's market cap stands at Rp386.91 trillion, reflecting significant investor interest. Trading remains active with a 24-hour volume of Rp21.23 trillion and a balanced order flow of 54% sell and 46% buy.
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Multicoin Capital and Bitwise have recently deposited large amounts of Hyperliquid (HYPE) tokens into CoinbasePrime, suggesting potential selling activity by institutions. Multicoin Capital deposited over 333,000 HYPE worth $26.73 million, while Bitw...
Abraxas Capital, a major crypto investment firm, has taken over $980 million in short positions on Hyperliquid, indicating expectations of a price decline for the decentralized futures exchange. This strategy involves complex hedging, including spot ...
Hyperliquid has grown rapidly to become the third-largest crypto exchange by open interest, surpassing $11 billion. This marks it as a significant competitor to Binance in the perpetual futures market and a key player in the on-chain derivatives spac...
