Hyperliquid burned about $891,000 worth of HYPE in the past 24 hours, with cumulative burns accounting for 4.96% of max supply

October 18 — According to Onchain Lens monitoring, Hyperliquid repurchased and burned about 11,340 HYPE over the past 24 hours at an average price of $78.55, worth about $890,900, while platform fee revenue over the same period was estimated at about $764,900.

As of now, cumulative HYPE burns total about 49.63 million tokens, worth about $3.9 billion at current valuation, accounting for 4.96% of its 1 billion max supply. In addition, Hyperliquid's revenue over the past 30 days was about $69.94 million.