Hyperliquid HYPE buybacks
Hyperliquid bought back $69.0M of HYPE in the 30 days to Nov 10, 2026, down 1.1% on the previous 30 days. At that pace it would spend about $839M a year, equal to 4.8% of HYPE's $17.4B market cap. Recorded HYPE buybacks total $1.41B since Dec 23, 2024, and Hyperliquid ranks #1 of 37 active buyback programs tracked here.
Most recent recorded buyback: Nov 10, 2026 ($2.53M)
Daily HYPE buybacks
Show as table
| Day (UTC) | Buybacks |
|---|---|
| Nov 10, 2026 | $2,529,301 |
| Nov 9, 2026 | $2,525,577 |
| Nov 8, 2026 | $1,891,453 |
| Nov 7, 2026 | $1,059,090 |
| Nov 6, 2026 | $2,128,380 |
| Nov 5, 2026 | $2,717,000 |
| Nov 4, 2026 | $3,669,723 |
| Nov 3, 2026 | $2,067,980 |
| Nov 2, 2026 | $2,390,506 |
| Nov 1, 2026 | $1,232,390 |
| Oct 31, 2026 | $1,237,968 |
| Oct 30, 2026 | $3,739,641 |
| Oct 29, 2026 | $4,869,602 |
| Oct 28, 2026 | $2,037,459 |
| Oct 27, 2026 | $1,653,689 |
| Oct 26, 2026 | $2,103,764 |
| Oct 25, 2026 | $1,410,438 |
| Oct 24, 2026 | $2,022,702 |
| Oct 23, 2026 | $1,956,908 |
| Oct 22, 2026 | $2,781,539 |
| Oct 21, 2026 | $2,251,711 |
| Oct 20, 2026 | $2,392,369 |
| Oct 19, 2026 | $1,921,508 |
| Oct 18, 2026 | $2,031,930 |
| Oct 17, 2026 | $1,300,885 |
| Oct 16, 2026 | $2,422,551 |
| Oct 15, 2026 | $3,464,883 |
| Oct 14, 2026 | $2,641,993 |
| Oct 13, 2026 | $2,182,701 |
| Oct 12, 2026 | $2,361,295 |
| Oct 11, 2026 | $1,698,284 |
| Oct 10, 2026 | $1,384,647 |
| Oct 9, 2026 | $1,708,227 |
| Oct 8, 2026 | $2,452,737 |
| Oct 7, 2026 | $2,772,275 |
| Oct 6, 2026 | $1,917,964 |
| Oct 5, 2026 | $2,455,681 |
| Oct 4, 2026 | $1,494,305 |
| Oct 3, 2026 | $1,206,632 |
| Oct 2, 2026 | $3,274,877 |
| Oct 1, 2026 | $1,981,687 |
| Sep 30, 2026 | $1,795,054 |
| Sep 29, 2026 | $2,442,061 |
| Sep 28, 2026 | $2,458,497 |
| Sep 27, 2026 | $1,871,609 |
| Sep 26, 2026 | $1,431,614 |
| Sep 25, 2026 | $2,386,017 |
| Sep 24, 2026 | $3,339,273 |
| Sep 23, 2026 | $2,652,669 |
| Sep 22, 2026 | $2,901,696 |
| Sep 21, 2026 | $4,155,416 |
| Sep 20, 2026 | $2,243,786 |
| Sep 19, 2026 | $1,996,555 |
| Sep 18, 2026 | $3,542,454 |
| Sep 17, 2026 | $2,411,461 |
| Sep 16, 2026 | $2,739,123 |
| Sep 15, 2026 | $3,727,272 |
| Sep 14, 2026 | $2,667,835 |
| Sep 13, 2026 | $1,577,987 |
| Sep 12, 2026 | $1,062,925 |
| Sep 11, 2026 | $3,356,129 |
| Sep 10, 2026 | $2,560,530 |
| Sep 9, 2026 | $2,757,261 |
| Sep 8, 2026 | $2,278,658 |
| Sep 7, 2026 | $1,905,406 |
| Sep 6, 2026 | $1,791,193 |
| Sep 5, 2026 | $1,347,888 |
| Sep 4, 2026 | $2,758,645 |
| Sep 3, 2026 | $3,286,824 |
| Sep 2, 2026 | $2,284,187 |
| Sep 1, 2026 | $2,459,290 |
| Aug 31, 2026 | $2,414,196 |
| Aug 30, 2026 | $2,064,428 |
| Aug 29, 2026 | $1,240,599 |
| Aug 28, 2026 | $3,494,099 |
| Aug 27, 2026 | $3,354,162 |
| Aug 26, 2026 | $2,780,928 |
| Aug 25, 2026 | $3,901,428 |
| Aug 24, 2026 | $3,834,238 |
| Aug 23, 2026 | $2,865,584 |
| Aug 22, 2026 | $3,892,579 |
| Aug 21, 2026 | $5,912,846 |
| Aug 20, 2026 | $3,813,311 |
| Aug 19, 2026 | $4,881,877 |
| Aug 18, 2026 | $1,444,159 |
| Aug 17, 2026 | $1,598,280 |
| Aug 16, 2026 | $841,926 |
| Aug 15, 2026 | $278,054 |
| Aug 14, 2026 | $838,034 |
| Aug 13, 2026 | $1,156,378 |
Monthly HYPE buybacks, all time
Show as table
| Month | Buybacks |
|---|---|
| Nov 2026 | $22,211,400 |
| Oct 2026 | $69,132,852 |
| Sep 2026 | $74,189,315 |
| Aug 2026 | $61,363,090 |
| 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 |
HYPE buyback record and recent activity
- Largest single day (past year)
- $5.99M on Feb 5, 2026
- Largest month on record
- $114M in August 2025
- How often it buys
- Hyperliquid recorded buybacks on 30 of the last 30 days (almost every day). That averages $2.30M per day.
Last 7 days
| Day (UTC) | Buybacks |
|---|---|
| Nov 10, 2026 | $2,529,301 |
| Nov 9, 2026 | $2,525,577 |
| Nov 8, 2026 | $1,891,453 |
| Nov 7, 2026 | $1,059,090 |
| Nov 6, 2026 | $2,128,380 |
| Nov 5, 2026 | $2,717,000 |
| Nov 4, 2026 | $3,669,723 |
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, after builder code fees and maker rebates, excluding perp fees and unit protocol fees, for buying back HYPE tokens.
- 99% of outcome fees net of builder-code fees, used to buy back HYPE.
- HYPE Burn From Priority Fees
- All prioroty fees will be used to buy and burn HYPE.
- AQAv2 - USDC Yields
- Hyperliquid gets 90% of cost-adjusted reserve yield revenue from stablecoin deployers
- 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 Nov 10, 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 $69.0M bought back in the 30 days to Nov 10, 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?
$1.41B in total since Dec 23, 2024, including $681M in the last 365 days and $69.0M in the last 30 days (data through Nov 10, 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, after builder code fees and maker rebates, excluding perp fees and unit protocol fees, for buying back HYPE tokens. 99% of outcome fees net of builder-code fees, used to buy back HYPE. All prioroty fees will be used to buy and burn HYPE. Hyperliquid gets 90% of cost-adjusted reserve yield revenue from stablecoin deployers. HYPE permanently removed from supply through successful HIP-1 token-deployment auctions.
What is HYPE's buyback yield?
4.8%. That is HYPE's annualized buybacks ($839M, based on the last 30 days) divided by its market cap of $17.4B.
More on Hyperliquid
- Latest Hyperliquid news on CryptoCatalyst, a daily crypto news digest from the team behind this site.
- Total value locked on the chain Hyperliquid runs on, from ChainTVL: Hyperliquid L1 TVL.