# Hyperliquid has burned nearly 5% of HYPE’s max supply, but monthly unlocks still outpace it

On-chain monitoring shows Hyperliquid has now burned 49.87 million HYPE tokens. Against a maximum supply of 1 billion units, that's close to 5%, and at current market prices the destroyed tokens add up to $3.89 billion.There's a problem with the burn, though. HYPE is still being released into circul

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| Published | 29 October 2026 |

Source: https://egamers.io/hyperliquid-has-burned-nearly-5-of-hypes-max-supply-but-monthly-unlocks-still-outpace-it/