HyperCore net destroyed over 17000 HYPEs in a single day

On April 1st, HyperCore repurchased 43749.54 HYPEs at an average price of approximately $36.77 and distributed 26657 HYPEs to pledgers and 24 verification nodes, resulting in a net permanent destruction of 17092 HYPEs and a daily net deflation of approximately 17000 HYPEs. According to official data from Hyperliquid, the annualized shrinkage rate is estimated to be around 6.15 million at this pace. Solana adds approximately 25.19 million SOLs annually through staking and verifying node rewards. HyperCore repurchase efficiency is negatively correlated with price to smooth out supply pressures during market cycles.