Hyperliquid Repurchases and Burns $3.76 Million Worth of HYPE

According to data from Onchain Lens, the decentralized exchange Hyperliquid repurchased and burned approximately 39,980 HYPE tokens over the past 24 hours. The transaction was executed at an average price of $94.18, totaling about $3.76 million. Since its inception, the platform has burned roughly 48.84 million HYPE tokens, representing about 4.88% of the maximum supply, while cumulative protocol revenue has reached approximately $1.27 billion.