HyperLiquid, a decentralized crypto exchange, has announced that approximately $2.4 million worth of its native token, HYPE, has been burned since its launch on November 29, 2022. As of the announcement, a total of 90,495 HYPE tokens have been burned. This burn is part of HyperLiquid's commitment to maintaining the value of its token and increasing its scarcity. The burning of HYPE tokens is expected to increase their value over time, as it reduces the overall supply. This, in turn, can attract more users to the HyperLiquid platform, leading to increased trading volume and liquidity. HyperLiquid's token burn is a positive sign of the exchange's long-term commitment to its users and its dedication to maintaining a healthy token ecosystem.