Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at approximately $3.89 billion, representing 4.99% of its 1 billion maximum supply, according to Onchain Lens monitoring data. In the past 24 hours, the protocol burned 19,700 HYPE worth roughly $1.59 million, against estimated daily fees of $1.69 million. Cumulative historical revenue from the perpetuals DEX now stands at $1.38 billion.