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Decentralized futures exchange Hyperliquid has so far burned 49.87 million HYPE worth $3.89 billion, or 4.99% of its total supply of 1 billion HYPE, according to Onchain Lens.
Over the past 24 hours, 19,700 HYPE worth $1.59 million was burned, while fee revenue totaled $1.69 million. Cumulative revenue stands at around $1.38 billion.