HYPE has the same fee structure as post-EIP1559 ETH, and, as such, base fees are burned, engendering a deflationary appreciation of the HYPE tokens that remain in circulation. In addition, a weak form of deflation is added atop by the buybacks organised by the Hyperliquid Assistance Fund. As the funds for buying HYPE back are sourced from user fees, we are justified in merging it into the same transaction-begotten delfation OoV.
