Since its launch on November 29, decentralized exchange (DEX) HyperLiquid has reportedly burned 100,000 HYPE, its native token. According to crypto research firm ASXN, this represents approximately $2.74 million at the current market price. HYPE is currently trading at $27.42, a 19.1% decrease as per CoinMarketCap. The move is considered part of the project's deflationary tokenomics, intended to increase scarcity over time. Additionally, HYPE has enhanced its trading platform with a new "zero-slippage" feature, which enables traders to execute trades without experiencing price slippage.