Hyperliquid Burns 49.87M HYPE as Revenue Reaches $1.38B

Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at roughly $3.89 billion at the time of the on-chain snapshot, according to Onchain Lens. The tracker said the amount represented 4.99% of a 1 billion-token maximum supply and reported lifetime protocol revenue of $1.38 billion. The burn highlights how the decentralized exchange is using fee-driven ... Read more

Source: Crypto Economy