Wu said that according to digital asset research ASXN, the Hyperliquid platform has a trading volume of $268.9 billion in the three months since TGE, and the HYPE/USDC pair has a trading volume of over $10 billion. On January 1, the daily trading volume rebounded to more than $5 billion. The total amount of pledged HYPE is 380.1 million, accounting for 38.01% of the total supply, and the foundation validators account for 83.98%. 111,000 HYPEs have been destroyed since the launch, and the annualized destruction accounts for 0.12% of the total supply. The recent decrease in spot holders may be related to sell-offs and tax transactions.