Purr

Purr (PURR) is a meme token and the first spot asset to launch on the Hyperliquid Layer 1 blockchain, placing it squarely within the Hyperliquid and HyperEVM ecosystems. It is explicitly cat-themed and belongs to the broad meme-token category, meaning it was created for cultural and community purposes rather than to solve a specific technical or financial problem. The project itself states there is no planned utility for PURR.

PURR lives on the Hyperliquid L1 and does not operate its own consensus algorithm or produce its own blocks. Of the one billion maximum supply, 500 million tokens were distributed proportionally to Hyperliquid points holders at launch at no cost, and 400 million tokens that were initially deployed as protocol liquidity under the HIP-2 standard were subsequently burned. Trading fees paid in PURR are also burned, giving the token a deflationary supply mechanic over time.

PURR does not collect protocol fees that flow to a treasury or to token holders; instead, any trading fees denominated in PURR are permanently burned, removing them from circulation rather than redistributing them. This means the fee-based revenue measures that this site tracks for protocols with active fee streams are not applicable here. The practical effect is that the token's economics are driven entirely by supply reduction through burning rather than by fee income.