Hyperliquid has burned 49.87 million HYPE, accounting for 4.99% of the maximum supply.

On October 29, on-chain analyst Onchain Lens (@OnchainLens) reported that Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at approximately $3.89 billion, accounting for 4.99% of its 1 billion maximum supply. Approximately 197,000 HYPE (worth roughly $1.59 million) were burned in the past 24 hours, with expected 24-hour fees reaching $1.69 million, while cumulative historical revenue stands at $1.38 billion.