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Market News

Hyperliquid Burns 26.31K HYPE Worth $2.42M in 24 Hours 

Hyperliquid burns 26.31K HYPE as 99% of perpetual fees are directed to token buybacks, while HYPE reaches a new all-time high near $94.48.

Written By Sharmistha Suman
Edited by Jahnu Jagtap
Published 40 minutes ago
Make The Crypto Times preferred on GoogleGoogle
Hyperliquid Burns 26.31K HYPE Worth $2.42M in 24 Hours 

Key Highlights

  • Hyperliquid purchased and burned 26.31K HYPE valued at approximately $2.42 million over 24 hours.
  • The tokens were acquired at a volume-weighted average price of $91.86, according to OnchainLens.
  • Platform fees reached $2.72 million, including $2.61 million from perpetual futures and $104.7K from spot trading.

Hyperliquid, a decentralized exchange (DEX),  purchased and burned 26.31K HYPE tokens valued at approximately $2.42 million over a rolling 24-hour period ending September 19, 2026.  

According to the data from a blockchain data analysis platform OnchainLens, the tokens were acquired at a volume-weighted average price of $91.86. Fees generated on the platform over the same rolling 24-hour window totaled $2.72 million, comprising $2.61 million from perpetual futures and $104.7 thousand from spot trading. HYPE-directed revenue for the period amounted to $2.59 million, equivalent to 99 percent of perpetual fees.

HYPERLIQUID BURNS $2.42M HYPE IN 24 HOURS

Hyperliquid bought and burned 26.31K $HYPE (~$2.42M) at a $91.86 VWAP.

Lifetime burn now stands at 48.76M $HYPE (~$4.50B), or 4.88% of max supply.

Hyperliquid has generated $64.34M in revenue over the last 30 days and $1.26B all-time. pic.twitter.com/J8fais16my

— Onchain Lens (@OnchainLens) September 19, 2026

Lifetime HYPE burned reached 48.76 million tokens, valued at approximately $4.50 billion at current prices. This figure represents 4.88 percent of the 1.00 billion maximum supply. The tokens have been permanently removed from circulation. A lifetime breakdown showed 47.33 million from the Assistance Fund, 1.07 million from HyperCore, and 360.44 thousand from HyperEVM.

Hyperliquid recorded $64.34 million in revenue over the last 30 days. Seven-day revenue stood at $13.47 million. All-time revenue totaled $1.26 billion since December 23, 2024.

HYPE price momentum today 

HYPE Price Momentum on September 19 at 2:45 pm UTC
HYPE Price Momentum on September 19 at 2:45 pm UTC| Source: CoinGecko

At the time of this writing (on September 19, at 2:45 pm UTC), HYPE traded at $93.03 on September 19, up 0.9 percent over the prior 24 hours, based on CoinGecko figures. The 24-hour range stood between $90.70 and $94.48. The token’s all-time high of $94.48 was recorded earlier the same day. Market capitalization was listed at $20.69 billion, with a fully diluted valuation at $88.854 billion. 

Twenty-four-hour trading volume reached $1.312 billion, while total value locked stood at $7.117 billion. Circulating supply was 222.446 million, outstanding supply 563.427 million, and total supply 955.307 million. The seven-day range ran from $75.27 to $94.48. The all-time low of $3.81 was set on November 29, 2024.

On September 18, HYPE climbed approximately 11.7 percent in 24 hours, reaching a then-new all-time high above $90. CoinGecko data at the time showed the token trading at $91.26 after touching $92, up from a daily low near $81.58 as of 2:53 p.m. UTC on that date.

Hyperliquid perpetual futures activity 

Hyperliquid led public chains and ecosystems in perpetual futures trading volume over the prior 30 days, recording $239.238 billion as of  September 17, according to DeFiLlama data. Seven-day perpetual volume was $46.283 billion, and 24-hour volume was $8.31 billion. 

Open interest stood at $6.804 billion. A separate monthly view for September showed $272.191 billion in cumulative perpetual volume across listed chains, of which Hyperliquid L1 accounted for $115.578 billion.

Also Read: Crypto’s Regulatory Relief Rally: Bitcoin Price Jumps Over 5% as Altcoins Follow

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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