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

PANews October 18 news, according to Onchain Lens monitoring, Hyperliquid repurchased and burned approximately 11,340 HYPE tokens in the past 24 hours at an average price of $78.55, valued at approximately $890,900, while platform fee revenue during the same period was estimated at approximately $764,900.

As of now, the cumulative burn of HYPE is approximately 49.63 million tokens, valued at approximately $3.9 billion at current estimates, accounting for 4.96% of its maximum supply of 1 billion tokens. In addition, Hyperliquid's revenue over the past 30 days was approximately $69.94 million.