Hyperliquid recently destroyed $1 billion worth of its tokens and added support for Ripple Prime. The platform is also thriving, generating $1.4 million in daily fees and offering an increasing number of trading options.
Hyperliquid has announced a major supply reduction alongside a new institutional access route.
The network recently destroyed (or ‘burned’) approximately $1 billion worth of its own tokens, a move that was officially approved by its governance system. It also began working with Ripple Prime.
This change reduces the number of coins in circulation while also opening up new ways to raise capital, and it follows a period of consistent trading and daily revenue from fees.
Token Burn Reduces Circulating Supply
Hyperliquid confirmed that its community approved a permanent token burn through a governance vote.
The update permanently took about $1 billion worth of tokens out of use. These tokens haven’t been hidden or set aside – they’ve been completely removed from the system.
A BILLION DOLLARS IN TOKENS. BURNED. GONE. FOREVER.
The Hyperliquid community has voted to permanently remove about $1 billion worth of their own tokens from circulation.
Not locked. Not vested. Burned. Removed from existence.
In the same move, they integrated direct…
— Altcoin Buzz (@Altcoinbuzzio)
This change lowers the amount of tokens available and alters how they are distributed.
According to project data, the burn is already completed and reflected on-chain.
The network continues to operate without interruption, and trading activity remains active.
Recent data shows the platform is generating around $1.4 million in fees each day. This amount is based on how much users are trading on the platform.
The system works the same way for everyone, and both individual customers and large-scale traders can use it.
Ripple Prime Integration Expands Access
Hyperliquid also launched support for Ripple Prime, connecting it to sources of institutional funding.
This link lets some users access the platform using existing banking systems.
This update aims to include more people without disrupting the current trading process.
Ripple Prime offers services that connect digital asset platforms with institutional clients.
With this new system, Hyperliquid can now connect with users who need a clear and organized way to access its features.
The platform has not disclosed specific partners, but it confirmed that onboarding is underway.
People are talking about how the token burn and the new integration happened around the same time.
The project hasn’t shared any forecasts based on these changes, and is still describing them as part of its normal development process.
Related Reading: Hyperliquid Holds Market Share As Onchain Perps Demand Stays High
Trading Activity and Market Expansion
Hyperliquid has also expanded its market offerings beyond crypto-native assets.
The platform now includes products such as perpetual contracts tied to traditional indices.
One example is an S&P 500 perpetual product using licensed data.
Market data suggests that non-crypto trading pairs are gaining share on the platform.
Trading activity changes, but typically reaches around $100 million each day. The platform is available 24/7, operating every day of the year.
During my research, I confirmed a new partnership between Hyperion DeFi and a platform named Silhouette. It seems they’ve reached an agreement to work together.
Silhouette is a secure trading system designed for Hyperliquid. It works by combining users’ staked tokens to reduce trading costs for everyone.
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2026-03-25 11:33