Hyperliquid Burns 20,600 HYPE Tokens Worth $1.2M Amid $1.4M Daily Fees

Hyperliquid processed $1.4M in fees and burned 20,600 HYPE tokens valued at $1.2M in 24 hours, bringing total supply destruction to 4.73% of max cap.

Woofun AI data shows that Hyperliquid generated $1.4 million in fees over the past 24 hours, resulting in the burn of 20,600 HYPE tokens valued at $1.2 million.

Cumulative burns have reached 47.27 million HYPE, equivalent to $2.76 billion, representing 4.73% of the 1 billion maximum supply.