Hyperliquid HYPE buybacks
Hyperliquid bought back $56.4M of HYPE in the 30 days to Sep 26, 2026, up 15.5% on the previous 30 days. At that pace it would spend about $686M a year, equal to 3.3% of HYPE's $20.6B market cap. Recorded HYPE buybacks total $1.28B since Dec 23, 2024, and Hyperliquid ranks #1 of 24 active buyback programs tracked here.
Daily HYPE buybacks
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| Day (UTC) | Buybacks |
|---|---|
| Sep 26, 2026 | $900,334 |
| Sep 25, 2026 | $1,861,311 |
| Sep 24, 2026 | $2,802,028 |
| Sep 23, 2026 | $2,117,271 |
| Sep 22, 2026 | $2,374,709 |
| Sep 21, 2026 | $3,663,607 |
| Sep 20, 2026 | $1,752,014 |
| Sep 19, 2026 | $1,506,892 |
| Sep 18, 2026 | $3,071,417 |
| Sep 17, 2026 | $1,941,723 |
| Sep 16, 2026 | $2,210,511 |
| Sep 15, 2026 | $2,404,329 |
| Sep 14, 2026 | $2,193,167 |
| Sep 13, 2026 | $1,066,867 |
| Sep 12, 2026 | $584,129 |
| Sep 11, 2026 | $1,129,107 |
| Sep 10, 2026 | $2,077,845 |
| Sep 9, 2026 | $1,819,666 |
| Sep 8, 2026 | $1,800,584 |
| Sep 7, 2026 | $1,419,868 |
| Sep 6, 2026 | $1,307,800 |
| Sep 5, 2026 | $866,464 |
| Sep 4, 2026 | $2,275,230 |
| Sep 3, 2026 | $2,698,222 |
| Sep 2, 2026 | $1,730,073 |
| Sep 1, 2026 | $1,980,275 |
| Aug 31, 2026 | $1,930,781 |
| Aug 30, 2026 | $1,581,149 |
| Aug 29, 2026 | $758,325 |
| Aug 28, 2026 | $2,570,016 |
| Aug 27, 2026 | $2,774,693 |
| Aug 26, 2026 | $2,304,022 |
| Aug 25, 2026 | $3,422,581 |
| Aug 24, 2026 | $3,360,221 |
| Aug 23, 2026 | $2,400,615 |
| Aug 22, 2026 | $2,373,305 |
| Aug 21, 2026 | $4,941,674 |
| Aug 20, 2026 | $3,345,022 |
| Aug 19, 2026 | $4,065,210 |
| Aug 18, 2026 | $1,025,353 |
| Aug 17, 2026 | $1,178,504 |
| Aug 16, 2026 | $422,613 |
| Aug 15, 2026 | $277,967 |
| Aug 14, 2026 | $838,034 |
| Aug 13, 2026 | $1,156,378 |
| Aug 12, 2026 | $1,139,657 |
| Aug 11, 2026 | $818,025 |
| Aug 10, 2026 | $1,070,956 |
| Aug 9, 2026 | $534,851 |
| Aug 8, 2026 | $378,920 |
| Aug 7, 2026 | $1,132,293 |
| Aug 6, 2026 | $963,094 |
| Aug 5, 2026 | $1,145,610 |
| Aug 4, 2026 | $1,120,832 |
| Aug 3, 2026 | $1,160,738 |
| Aug 2, 2026 | $777,244 |
| Aug 1, 2026 | $513,764 |
| Jul 31, 2026 | $1,451,214 |
| Jul 30, 2026 | $1,006,911 |
| Jul 29, 2026 | $1,708,726 |
| Jul 28, 2026 | $1,371,206 |
| Jul 27, 2026 | $1,508,785 |
| Jul 26, 2026 | $667,938 |
| Jul 25, 2026 | $444,686 |
| Jul 24, 2026 | $1,201,793 |
| Jul 23, 2026 | $1,064,168 |
| Jul 22, 2026 | $1,029,393 |
| Jul 21, 2026 | $1,357,373 |
| Jul 20, 2026 | $1,603,331 |
| Jul 19, 2026 | $607,415 |
| Jul 18, 2026 | $542,197 |
| Jul 17, 2026 | $1,445,516 |
| Jul 16, 2026 | $1,382,751 |
| Jul 15, 2026 | $1,337,036 |
| Jul 14, 2026 | $1,634,522 |
| Jul 13, 2026 | $1,672,478 |
| Jul 12, 2026 | $622,690 |
| Jul 11, 2026 | $639,667 |
| Jul 10, 2026 | $1,241,825 |
| Jul 9, 2026 | $1,237,986 |
| Jul 8, 2026 | $1,477,879 |
| Jul 7, 2026 | $1,326,128 |
| Jul 6, 2026 | $1,918,929 |
| Jul 5, 2026 | $788,113 |
| Jul 4, 2026 | $914,967 |
| Jul 3, 2026 | $1,260,451 |
| Jul 2, 2026 | $1,890,705 |
| Jul 1, 2026 | $2,062,067 |
| Jun 30, 2026 | $1,499,363 |
| Jun 29, 2026 | $1,703,644 |
Monthly HYPE buybacks, all time
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| Month | Buybacks |
|---|---|
| Sep 2026 | $49,555,443 |
| Aug 2026 | $51,482,447 |
| Jul 2026 | $38,418,846 |
| Jun 2026 | $59,961,591 |
| May 2026 | $46,327,793 |
| Apr 2026 | $42,356,395 |
| Mar 2026 | $51,507,000 |
| Feb 2026 | $54,004,050 |
| Jan 2026 | $59,837,365 |
| Dec 2025 | $51,212,434 |
| Nov 2025 | $77,652,542 |
| Oct 2025 | $97,195,784 |
| Sep 2025 | $85,196,631 |
| Aug 2025 | $113,855,117 |
| Jul 2025 | $90,794,676 |
| Jun 2025 | $59,460,175 |
| May 2025 | $68,727,159 |
| Apr 2025 | $41,660,176 |
| Mar 2025 | $38,693,381 |
| Feb 2025 | $44,206,582 |
| Jan 2025 | $49,126,542 |
| Dec 2024 | $10,510,315 |
How the HYPE buyback works
HYPE is bought on the open market and held by the protocol, its treasury or a dedicated fund.
- Token Buy Back
- 99% of perp trade fees (excluding spot fees and builders fees) for buy back HYPE tokens.
- 97% of spot trade fees before 30 Aug 2025 and 99% thereafter, excluding perp fees and unit protocol fees, for buying back HYPE tokens.
- HYPE Burn From Priority Fees
- All prioroty fees will be used to buy and burn HYPE.
- Spot Deployment Auction Burns
- HYPE permanently removed from supply through successful HIP-1 token-deployment auctions.
Source: DefiLlama holders revenue for hyperliquid. First recorded buyback Dec 23, 2024, most recent Sep 26, 2026. Days are UTC. See the methodology for how yield and annualized figures are calculated.
HYPE buyback FAQ
Does Hyperliquid buy back HYPE?
Yes. Hyperliquid has an active HYPE buyback program, with $56.4M bought back in the 30 days to Sep 26, 2026. HYPE is bought on the open market and held by the protocol, its treasury or a dedicated fund.
How much HYPE has Hyperliquid bought back?
$1.28B in total since Dec 23, 2024, including $688M in the last 365 days and $56.4M in the last 30 days (data through Sep 26, 2026).
How is the HYPE buyback funded?
According to DefiLlama's methodology: 99% of perp trade fees (excluding spot fees and builders fees) for buy back HYPE tokens. 97% of spot trade fees before 30 Aug 2025 and 99% thereafter, excluding perp fees and unit protocol fees, for buying back HYPE tokens. All prioroty fees will be used to buy and burn HYPE. HYPE permanently removed from supply through successful HIP-1 token-deployment auctions.
What is HYPE's buyback yield?
3.3%. That is HYPE's annualized buybacks ($686M, based on the last 30 days) divided by its market cap of $20.6B.