The decentralized trading platform marked a major milestone, also conducting $1 billion in buybacks that burned over 41 million HYPE tokens to reduce circulating supply.
HyperliquidX has surpassed $4 trillion in cumulative perpetuals trading volume since launching in 2023. Alongside this growth, the platform’s Assistance Fund completed $1 billion in buybacks, permanently burning 41.71 million HYPE tokens—approximately 4.17% of the total token supply. The fund allocates 97% of all collected fees toward HYPE, a move that effectively supports token scarcity and long-term community value. The milestone highlights HyperliquidX’s expanding role within the perpetuals (open-ended futures contracts) sector of decentralized finance (DeFi).