Hyperliquid burned nearly $4 billion worth of its HYPE tokens
Hyperliquid continues its strategy of reducing the supply of HYPE, financed by trading fees. In total, 4.99% of the maximum supply of its token has now been permanently withdrawn from circulation. A dynamic which,…
Home » Crypto News » Altcoins News » Hyperliquid burned nearly $4 billion worth of its HYPE tokens
https://cryptoast.fr/hyperliquid-burn-hype-5-pourcent-offre/
Hyperliquid has now permanently removed 49.87 million HYPE from circulation, according to data reported by Onchain Lens. This represents 4.99% of the initial maximum supply of its token, set at one billion units. At current prices, this cumulative destruction corresponds to a theoretical value close to $3.9 billion.
These destructions accumulated gradually and therefore do not correspond to a single operation. The mechanism continues daily: over the last 24 hours, an additional 19,700 HYPE have been burned, or approximately $1.55 million.
Hyperliquid has established itself as one of the leading decentralized crypto derivatives trading platforms. Its infrastructure is based on an entirely on-chain order book, allowing in particular to trade perpetual contracts with leverage, without going through a centralized exchange.
This activity constitutes the driving force behind its token destruction policy. A large portion of the fees generated by transactions are used to automatically buy back HYPE on the market. The tokens are then stored in the “Assistance Fund”, a system address without a private key.
🔎 How to trade on Hyperliquid? Complete guide (cryptos, stocks, gold)
In December 2025, a vote of validators officially recognized these HYPEs as permanently burned, excluding them from the total supply and circulating supply.
According to Onchain Lens, the estimated revenue over the last 24 hours reaches $1.69 million. The platform's cumulative revenue is approximately $1.38 billion. The volume of HYPE destroyed therefore depends directly on the activity of traders: the more eligible income increases, the more redemptions can accelerate.
Hyperliquid also dominates the ranking of crypto protocols in terms of revenue attributed to token holders. According to DefiLlama data, the platform has dedicated $63.94 million to HYPE buybacks over the last 30 days. An amount which illustrates its ability to generate recurring income and re-inject it into its token, without guaranteeing an increase in its price.
Despite these regular destructions, HYPE remains behind its historic peak. The token is trading around $79, down about 3% over 24 hours. It is moving almost 19% below its record of around $98, reached on September 23.
Machine-translated from French
Not cross-checked yet
Only Cryptoast reports this story so far. We show it as a single source until another newsroom confirms it.
- Cryptoast29 Oct, 10:00Hyperliquid burned nearly $4 billion worth of its HYPE tokens ↗Figures: 4 milliards
| Publisher Cryptoast (general tier) | +72 |
| Checkable figures cited | +3 |
| Detailed summary | +2 |
| Total | 77 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.