Watch the burn, live.
Most Hyperliquid trading fees are recycled into HYPE through the Assistance Fund — formally recognized as burned by community vote. The monitor samples the fund every 5 seconds: fees arrive as USDC, buybacks land as HYPE, and the session counters move the moment they do.
📜 Buyback history
Source: HypurrScan cumulative fees · buyback ≈ 99% of protocol fees (the holders' share). Early periods are sampled less frequently and spread evenly across days.
🍩 Supply breakdown
AQAv2 reserve-yield buybacks.
Beyond trading fees, most of the yield earned on USDC reserves held on Hyperliquid is routed into the same buyback machinery under the AQAv2 framework. It's an estimate, not an on-chain meter — size it with the sliders and see it stacked on the live fee buybacks above.
Defaults reflect public reporting around AQAv2; USDC balances and yields move.
AF HYPE was formally recognised as effectively burned by community vote. Live figures update from on-chain state; session counters and the monitor chart begin when you open the page. Buyback-fuel figures derive from HypurrScan fee data and are approximate.