Hyperliquid Records 47.71 Million HYPE Burned and $1.21 Million in Fees
Prefer us on GoogleThe cumulative amount of Hyperliquid (HYPE) burned has reached 47.71 million, with an additional 5,490 HYPE burned in the last 24 hours. During the same period, fees amounted to $1.21 million (approximately 1.71 billion KRW). Onchain Lens aggregated this data as of 9:19 PM KST on the 15th. The total amount burned is approximately $2.73 billion (around 3.86 trillion KRW) in dollar terms. Hyperliquid is a decentralized trading ecosystem that supports on-chain derivatives trading, with HYPE as the native token of this ecosystem. The trading fees and burn structure serve as indicators to explain changes in token supply. It is noteworthy that the cumulative burn amount has increased compared to the daily burn amount. However, trading fees and burn amounts may vary depending on the reference time, calculation method, and the timing of token price application. While burning reduces the circulating supply, it is not an indicator that determines price direction.
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