Hyperliquid burns $1B in tokens and integrates Ripple Prime, while reporting $1.4M daily fees and expanding trading markets.
Hyperliquid has announced a major supply reduction alongside a new institutional access route.
The network confirmed a governance-approved burn of about $1 billion in native tokens, while also integrating with Ripple Prime.
The move combines a lower circulating supply with new capital access channels, and it comes as the platform reports steady trading activity and daily fee generation.
Token Burn Reduces Circulating Supply
Hyperliquid confirmed that its community approved a permanent token burn through a governance vote.
The process removed roughly $1 billion worth of tokens from circulation. These tokens are not locked or reserved, and they no longer exist on the network.
A BILLION DOLLARS IN TOKENS. BURNED. GONE. FOREVER.
The Hyperliquid community just passed a governance vote to permanently destroy approximately $1 billion worth of native tokens.
Not locked. Not vested. Burned. Removed from existence.
In the same move, they integrated direct… pic.twitter.com/JmBcTH95JG
— Altcoin Buzz (@Altcoinbuzzio) March 24, 2026
The decision reduces the total supply available in the market, and it changes the token distribution structure.
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.
The platform has reported daily fees of about $1.4 million, based on recent data. These figures come from user trading activity across its markets.
The protocol states that usage remains consistent, and participation includes both retail users and larger traders.
Ripple Prime Integration Expands Access
At the same time, Hyperliquid introduced integration with Ripple Prime, which provides institutional capital channels.
This connection allows certain users to access the platform through established financial infrastructure.
The integration is designed to support broader participation while maintaining the existing trading system.
Ripple Prime offers services that connect digital asset platforms with institutional clients.
Through this setup, Hyperliquid can now interface with participants that require structured access routes.
The platform has not disclosed specific partners, but it confirmed that onboarding is underway.
The combined timing of the token burn and the integration has drawn attention in market discussions.
However, the project has not issued projections tied to the changes. It continues to present the update as part of its ongoing development strategy.
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.
Activity levels vary, but daily volume is reported near $100 million across markets. The platform operates continuously, including weekends and holidays.
The project also confirmed a new agreement involving Hyperion DeFi and a platform called Silhouette.
Silhouette is described as a shielded trading system built for Hyperliquid. It pools staked tokens to provide lower trading fees across users.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute drop of 0.72%: Large addresses transferring to and net outflows of funds from the main players triggered a sell-pressure resonance
2026-04-14 16:45 to 2026-04-14 17:00 (UTC), within the 15-minute window ETH’s return recorded -0.72%. The price range fluctuated from 2329.63 to 2351.42 USDT, with a swing of 0.93%. During this period, market capital outflows accelerated markedly, volatility intensified, market sentiment turned cautious, and attention rose rapidly.
The main driver of this anomaly is that on-chain large addresses (whales) centralized and transferred ETH to exchanges, releasing a large sell signal. The net outflow of funds from the main capital totaled as much as -61.80 million USD,
GateNews1h ago
BTC drops 0.75% in 15 minutes: quick pullback triggered by short-term position trimming and capital outflows
2026-04-14 16:45 to 17:00 (UTC), the BTC market saw a clear ups-and-downs move, with a 15-minute return of -0.75%. The price quickly dropped from the 74529.4 to 75233.4 USDT range, with an amplitude of 0.94%. During this period, trading volume increased by about 12% compared with the average of the prior hour; market attention rose, and volatility significantly intensified.
The main drivers of this sudden move were short-term holders collectively cutting positions and a large outflow of exchange funds. From 16:45 to 17:00, the net outflow of BTC was approximately 4,800 BTC
GateNews1h ago
Goldman Sachs files for a Bitcoin yield ETF, and the Wall Street crypto expansion takes another step forward
Goldman Sachs recently filed an application for a Bitcoin yield ETF with the U.S. Securities and Exchange Commission, showing that traditional financial institutions’ plans for crypto assets continue to be upgraded. Such ETFs generate recurring income for investors through options strategies, allowing them to profit even if the Bitcoin price does not rise. Goldman Sachs’ crypto finance strategy continues to expand, underscoring Wall Street’s proactive offensive toward the crypto market.
ChainNewsAbmedia1h ago
BTC 15-minute rise of 0.64%: a technical breakout of key resistance combined with weak liquidity amplifies volatility
2026-04-14 15:30 to 15:45 (UTC), BTC saw short-term fluctuations within the 74,795.5 to 75,319.3 USDT range, with a return of +0.64% and a range of 0.70%. During this period, market attention warmed up, volatility intensified, trading volume rose slightly compared with the previous hour, and short-term buy orders pushed the price upward quickly.
The main driver of this unusual move was BTC’s short-term technical breakout above the 74,000 USDT key resistance, which generated a long signal and triggered rapid responses from quantitative and programmatic buy orders. At the same time, because the order book depth has been rising since 2025
GateNews2h ago
Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may be at a bottom, with selling pressure on Ether easing
Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite a sharp decline in its stock price, it has still increased the share repurchase plan to $4 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help enhance its assets and stock price performance.
CryptoCity2h ago
BTC 15-minute surge up 0.93%: Spot buy orders surge, driving the short-term upside
From 2026-04-14 13:30 to 2026-04-14 13:45 (UTC), the BTC price return reached +0.93%, with a fluctuation range of 74500.7 - 75239.2 USDT and an amplitude of 0.99%. During this period, market attention warmed up rapidly; on-chain and spot market trading activity increased significantly, and volatility further escalated.
The main driving force behind this unusual move was a short-term surge in buy orders in the spot market. On-chain monitoring data shows that both the number of active addresses and the number of transactions reached about 420,690; short-term capital continued to flow in, directly
GateNews4h ago
