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August 24, 2026 10:18 am
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Daily fees on HyperEVM, the EVM environment on Hyperliquid’s HYPE-native layer-one chain, climbed above $500,000 to a record high. According to DefiLlama data, HyperEVM generated $538,080 in fees on Aug. 23. Hyperliquid uses network fee revenue to buy back and burn HYPE.