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

According to TechFlow, on Oct 29, on-chain analyst Onchain Lens (@OnchainLens) reported that Hyperliquid has permanently burned 49.87 million HYPE worth approximately $3.89 billion, accounting for 4.99% of the maximum supply of 1 billion. In the past 24 hours, approximately 197,000 HYPE (worth about $1.59 million) were burned, with 24-hour fees estimated at $1.69 million and cumulative revenue to date reaching $1.38 billion.

Source: TechFlow