Hyperliquid Generates $1.4 Million in Fees and Burns 20,600 HYPE in 24 Hours

Hyperliquid generated $1.4 million in fees over the past day and burned 20,600 HYPE worth $1.2 million, according to a post by Onchain Lens on X. According to Odaily, cumulative HYPE burns have reached 47.27 million tokens worth $2.76 billion, representing 4.73% of the 1 billion maximum supply.