Hyperliquid

Million

Partner

Lens

Billion

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  <h3 id="what-to-know">What to Know</h3>
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      <li>Hyperliquid has burned 49.87 million HYPE tokens worth $3.89 billion, removing nearly 5% of its maximum supply through buybacks.</li>
      <li>Revenue exceeding $1.38 billion supports HYPE purchases, while trading fees and additional network mechanisms contribute to token supply reductions.</li>
      <li>Monthly HYPE unlocks of 9.9 million tokens significantly exceed estimated buybacks of 591,000 tokens, creating substantial circulating supply pressure.</li>
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  <p>Hyperliquid has removed 49.87 million HYPE tokens through revenue-funded purchases, representing nearly 5% of supply. <a href="https://x.com/OnchainLens/status/2115647812574793824" rel="noopener noreferrer nofollow">According to OnchainLens</a>, Hyperliquid’s burned tokens are worth $3.89 billion, supported by substantial trading revenue.</p><br>
  <h2 id="hyperliquid-s-1-38-billion-revenue-funds-multiple-token-burn-mechanisms">Hyperliquid’s $1.38 Billion Revenue Funds Multiple Token Burn Mechanisms</h2>
  <p>Hyperliquid has generated over $1.38 billion in cumulative protocol revenue, including $63.52 million over 30 days, primarily funding token purchases through trading fees. The exchange allocates between 97% and 99% of trading fees toward <a href="https://36crypto.com/hyperliquid-policy-center-urges-eu-to-clarify-rules-for-onchain-derivatives/" rel="noopener noreferrer nofollow">HYPE</a> purchases, burning 19,700 tokens worth $1.59 million against daily fees of $1.69 million.</p><br>
  <p><strong>Also Read: </strong><a href="https://36crypto.com/huge-news-ripple-and-arf-partner-to-bring-10-billion-settlement-network-to-xrpl/" rel="noopener noreferrer nofollow">Huge News: Ripple and Arf Partner to Bring $10 Billion Settlement Network to XRPL</a></p><br>
  <p>The Assistance Fund operates through a system smart contract without private keys, while 85% of validators approved recognizing its holdings as permanently burned in December 2025. Additional supply reduction mechanisms include AQAv2 yield routing, HyperEVM gas burning, and HIP-3 developer penalties, which supplement fee-funded purchases and reduce HYPE supply. Since buybacks use dollar-denominated revenue, HYPE prices influence token removal volumes, with prices around $78 to $80 reducing purchasing quantities.</p><br>
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    <p>HYPERLIQUID BURNS NEARLY 5% OF <a href="https://x.com/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HYPE</a> SUPPLY<a href="https://x.com/HyperliquidX?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@HyperliquidX</a> has permanently burned 49.87M <a href="https://x.com/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HYPE</a> (~$3.89B), representing 4.99% of its 1B max supply.</p><br>
    <p>· Past 24h: 19.7K <a href="https://x.com/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HYPE</a> (~$1.59M) burned<br>· Estimated 24h fees: $1.69M<br>· Lifetime revenue: $1.38B <a href="https://t.co/Vk3A2bgshj" rel="noopener noreferrer nofollow">pic.twitter.com/Vk3A2bgshj</a></p><br>
    <p>— Onchain Lens (@OnchainLens) <a href="https://x.com/OnchainLens/status/2115647812574793824?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 29, 2026</a></p><br>
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  <h2 id="monthly-hype-unlocks-outpace-current-buyback-volumes">Monthly HYPE Unlocks Outpace Current Buyback Volumes</h2>
  <p>Hyperliquid also faces scheduled vesting releases involving approximately 9.9 million HYPE tokens each month for team members and early contributors. At the reported daily rate of 19,700 tokens, buybacks would remove approximately 591,000 <a href="https://36crypto.com/hyperliquid-whale-moves-10-7-million-in-hype-to-kraken-following-2200-gains/" rel="noopener noreferrer nofollow">HYPE</a> over a 30-day period.</p><br>
  <p>That volume would offset roughly 6% of scheduled monthly unlocks, leaving releases substantially higher than the current burn rate. The difference amounts to approximately 9.31 million HYPE tokens per month, based on the reported figures and unchanged daily purchases. Despite the substantial cumulative burn, scheduled vesting currently exceeds estimated monthly buybacks, placing upward pressure on circulating supply.</p><br>
  <p><strong>Also Read: </strong><a href="https://36crypto.com/crypto-market-rebounds-as-bitcoin-holds-80k-xrp-gains-2-2-zcash-surges-7-5/" rel="noopener noreferrer nofollow">Crypto Market Rebounds as Bitcoin Holds $80K, XRP Gains 2.2%, Zcash Surges 7.5%</a></p><br>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/hyperliquid-burns-nearly-50-million-hype-tokens-as-revenue-reaches-1-38-billion/">Hyperliquid Burns Nearly 50 Million HYPE Tokens as Revenue Reaches $1.38 Billion</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.</p>

Hyperliquid Burns Nearly 50 Million HYPE Tokens as Revenue Reaches $1.38 Billion

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