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HyperSwap
@HyperSwapX
Trading terminal and first @HyperliquidX EVM native AMM Building the House of All Markets on top of the chain to House of All Finance 👀
Joined July 2024
9 Following    28.5K Followers
Today, the Core Contributors $SWAP allocation has been entirely burned This means that, aside from community reward emissions, the entire circulating $SWAP supply is now already unlocked and in circulation. To date, 27.5% of the circulating supply (21.6% of the total supply) has already been burned, with more than $800,000 in protocol revenue used for buybacks, making it the largest native protocol buyback on HyperEVM. This model allows HyperSwap to offer real and sustainable liquidity mining without subjecting the token to excessive inflation unlike most reward tokens on AMMs. More than $70,000 in rewards will be distributed over the next month alone, while 75% of protocol revenues will continue to be used for continuous $SWAP buybacks and burn. This decision reflects our long-term commitment to community alignment and to building a more decentralized future for HyperSwap and HyperEVM.
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