Hyperliquid burns $1.28M worth of HYPE in 24 hours

Hyperliquid burned about $1.28 million worth of HYPE over the past 24 hours, while generating $1.65 million in fees during the same period, according to on-chain analytics firm Onchain Lens. Following the latest burn, cumulative burned supply reached 47.53 million HYPE, worth about $2.68 billion, or roughly 4.75% of the token’s maximum supply of one billion.