Hyperliquid burns $1.07M in HYPE over 24 hours

Hyperliquid burned about $1.07 million worth of HYPE over the past 24 hours, while generating $1.45 million in trading fees during the same period, according to Onchain Lens. Cumulative burns reached 47.62 million HYPE, worth about $2.63 billion, equal to 4.76% of HYPE’s maximum supply of one billion tokens.