Flash News

6 million US dollars in original Hyperliquid coins destroyed through priority fees

On 6 August, according to Hyperliquid News, the equivalent value of Hyperliquid HYPE accumulated through the Priority Fees mechanism for destruction reached $6 million. The preferential fee is the trade-ordering fee function introduced by Hyperliquid, where the trader pays the HYPE to obtain the msec order priority enforcement privileges, and the collection of HYPE is directly and permanently destroyed by a smart contract, which is the second largest deflation engine in addition to the conventional transaction fee buyback. The mechanism internalizes the value of originally flowing MEV searchers into the ecology, while directly reducing the total volume of HYPE flows, both deflationary and financial。

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