Hyperliquid has cumulatively burned approximately 5.05% of the HYPE supply
BIBIBI
AT A GLANCE
The report, citing Onchain Lens data, says Hyperliquid has cumulatively burned approximately 50470000 HYPE, accounting for 5.05% of the total supply.
Article
Hyperliquid has cumulatively burned 5.05% of the total HYPE token supply, worth approximately 3550000000 USD
BlockBeats news, November 12, according to Onchain Lens data, Hyperliquid repurchased and burned approximately 21200 HYPE in the past 24 hours, at an average repurchase price of 72.31 USD, with a burn value of approximately 1530000 USD.
As of now, Hyperliquid has cumulatively burned approximately 50470000 HYPE, worth approximately 3550000000 USD at current prices, accounting for 5.05% of the total token supply.
The platform's cumulative revenue has reached 1410000000 USD, with revenue of approximately 68820000 USD in the past 30 days.
Original link https://m.theblockbeats.info/flash/377009
Key points
01
BlockBeats news reports that Hyperliquid repurchased and burned approximately 21200 HYPE in the past 24 hours, at an average repurchase price of 72.31 USD, with a burn value of approximately 1530000 USD.
02
The report says that as of now, approximately 50470000 HYPE have been cumulatively burned, worth approximately 3550000000 USD at current prices, accounting for 5.05% of the total token supply.
03
The report lists the platform's cumulative revenue as 1410000000 USD, with revenue of approximately 68820000 USD in the past 30 days.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Repurchase and burn means the platform buys tokens and then destroys them. The figures in the report indicate that Hyperliquid has cumulatively burned a portion of HYPE and lists platform revenue data.
Why it matters to readers
Burning reduces the total token supply; but these figures alone cannot indicate how the token price will change.
The repurchase-and-burn and platform revenue can be used as clues for observing project data, while also watching whether these figures continue to be updated or are supported by on-chain records.
Risks and unknowns
The report cites Onchain Lens data, but the provided material does not provide independently verifiable on-chain records.
The calculation basis for cumulative revenue and past 30-day revenue is not explained.
Whether the repurchase-and-burn and revenue data can be sustained is not explained in the material.
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Related concepts
Repurchase and burn: buying tokens and then destroying them to reduce the token supply.
This term is not in the glossary yet. Browse related concepts in the glossary.
