Purr

Purr (PURR) is a meme token and the first spot asset launched natively on the Hyperliquid Layer 1 blockchain. It was created without a sale and without any planned utility, meaning it does not claim to solve a specific problem or serve a particular user need beyond existing as part of the Hyperliquid ecosystem. It belongs to the cat-themed meme token category and operates within both the Hyperliquid L1 and HyperEVM ecosystems.

PURR lives on the Hyperliquid L1, which handles its own consensus and settlement; the token itself has no separate consensus algorithm. At launch, 500 million tokens were distributed proportionally to Hyperliquid points holders, and 400 million tokens initially deployed as Hyperliquidity under the HIP-2 standard were subsequently burned, leaving a circulating supply of approximately 594.7 million against a maximum supply of 1 billion. The token is designed to be deflationary because any trading fees paid in PURR are burned, permanently removing them from circulation.

PURR does not generate a fee stream that is distributed to holders or a protocol treasury; instead, trading fees paid in PURR are destroyed through burning. This means there is no revenue in the traditional sense to measure against market capitalisation or supply. The deflationary mechanism is the sole economic feature explicitly described: fee-denominated burns reduce circulating supply over time, though no burn rate figure is stored in the data provided here.