Hyperliquid's Revenue Hits $1.31B as HYPE Burn Mechanism Gains Momentum

Hyperliquid's revenue has reached $1.31 billion, driven by its HYPE burn mechanism, which links network usage directly to supply reduction.

The protocol's weekly revenue stood at $13.48 million, with gross fees reaching $15.11 million.

As a result of the increased activity, 156.58K HYPE tokens worth around $12.42 million were removed from circulation, bringing the cumulative total to 48.70 million HYPE, or approximately 4.87% of the total supply.

The relationship between trading volume and token removal is clear: as users engage with Hyperliquid's trading tools, more HYPE tokens are burned.

The stability of USDC liquidity supports this growth, with DeFi TVL reaching $1.31 billion and stablecoin liquidity remaining strong at $6.83 billion.