Hyperliquid Hits $1.31B Revenue Mark as HYPE Token Burns Accelerate

Hyperliquid's HYPE token burn mechanism continues to drive growth in revenue and supply reduction. In the latest update, the protocol's weekly revenue reached $13.48 million, with gross fees standing at $15.11 million. This revenue was used to remove 156.58K HYPE tokens worth approximately $12.42 million from circulation.

The cumulative revenue has now reached a significant milestone of $1.31 billion. Additionally, around 4.87% of the total HYPE supply, or 48.70 million tokens, have been removed through this burn mechanism.

Despite some fluctuations in liquidity, USDC remains the dominant stablecoin, accounting for 98.31% of the pool. This concentration enables Hyperliquid to sustain trading activity and supports a cash-flow cycle linking liquidity, revenue, buybacks, and HYPE demand.