Gate News Report, March 10 — According to Gate Market Data, at the time of press, HYPE (Hyperliquid) is trading at $34.33, up 12.38% in the past 24 hours. The highest price reached $35.33, while the lowest dipped to $29.53. The 24-hour trading volume is $509 million. The current market capitalization is approximately $8.842 billion, an increase of $974 million from yesterday. Recent important news about HYPE: 1️⃣ **Ongoing Inflation Management Mechanism Supports** The Hyper Foundation proposed removing 1 billion HYPE tokens from circulating supply, specifically by zeroing out the Hyperliquid aid fund. This reduction in circulating supply aims to improve token economics, alleviate long-term inflation pressure, and provide