Hyperliquid Hits Net Deflation as HyperCore Buybacks Exceed Daily Staking Rewards

TLDR: HyperCore repurchased 34,495.71 HYPE at $38.51 on March 27, exceeding daily staking distributions. A net 7,711 HYPE were permanently removed from circulation, projecting to 2.77M tokens yearly. Unlike Solana’s 25.19M annual inflation, Hyperliquid is actively reducing its total token supply. Higher HIP-3 adoption drives more revenue, fueling larger buybacks and compounding deflation pressure. Hyperliquid [...]

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