HyperEVM, the Ethereum Virtual Machine environment on Hyperliquid’s HYPE-native layer-one chain, generated a record $538,080 in fees on Aug. 23, according to DefiLlama data. Hyperliquid uses network fee revenue to buy back and burn HYPE. The figure revises an earlier report of $538,100, which also said the fees were paid in hyperliquid and burned.