Hyperliquid Buys Back $2 Billion in HYPE as Lighter Burns 6.3% of LIT Supply
Updated
Updated · The Motley Fool · Jul 12
Hyperliquid Buys Back $2 Billion in HYPE as Lighter Burns 6.3% of LIT Supply
1 articles · Updated · The Motley Fool · Jul 12
Summary
$2 billion of HYPE has been repurchased and burned by Hyperliquid since launch, removing about 4.7% of maximum supply through a mechanism that captures nearly 99% of exchange trading fees.
Lighter is using a similar model: its June 30 tokenomics update said all trading-fee revenue funds LIT buybacks, with purchased tokens permanently burned and 6.3% of supply already eliminated.
Those structures tie token value more directly to exchange cash flow, a contrast with larger chains such as Ethereum and Solana, where fee revenue only partly reaches token holders.
The report argues that buyback-and-burn economics could shape the next crypto bull market, while quantum-security upgrades, tokenized real-world assets and financial privacy emerge as the next major themes.