HYPE supply ledger

HYPE Tokenomics: Supply, Burn vs Staking Rewards

Check HYPE supply, allocation, and staking.

Last updated: 2026-08-25Last reviewed: 2026-08-25
Direct answerCurrent

How many HYPE tokens are circulating?

The official Hyperliquid API reports 302,167,870 HYPE in circulating supply, or 30.22% of the one-billion maximum. The same read reports 998,870,174 HYPE in total supply. Validator stake and the assistance-fund balance appear as separate overlays because they can overlap the API's circulating and non-circulating classifications.

Official API ledger

Live HYPE supply

Supply read Oct 10, 2026, 6:45 PM UTC

Maximum supply
1B HYPE
Protocol token definition
Reported total supply
998.87M HYPE
99.89% of maximum
Circulating supply
302.17M HYPE
30.22% of maximum
Outside circulating field
696.7M HYPE
Includes reserves and other non-circulating balances
Circulating 30.22%Outside circulation 69.67%Below maximum 0.11%
Overlays, not extra segments

Staked and burned HYPE need separate labels

Do not subtract these rows from circulating supply. Validator stake can include balances outside the circulating field, and the API classifies the assistance-fund balance outside circulation.

Delegated to validatorsCurrent

440.03M HYPE

44.05% of reported total supply

The validatorSummaries endpoint reports stake in 1e-8 HYPE units. HypeBasis converts those atomic units before summing validators.

Read Oct 10, 2026, 6:45 PM UTC

Inspect the source data
Assistance-fund HYPECurrent

47.95M HYPE

4.79% of maximum supply

Hyperliquid's fee docs classify HYPE at the assistance-fund address as burned. The official supply API still exposes its own total-supply field, so this page does not subtract the balance a second time.

Read Oct 10, 2026, 6:45 PM UTC

Inspect the source data
Observed burn vs modeled rewards

Does the HYPE burn exceed staking rewards?

Compare seven complete daily assistance-fund balance intervals with gross staking rewards modeled from current validator stake and the official reward-rate relationship.

7D complete

Across seven complete UTC intervals through Oct 10, 2026, the burn-classified assistance-fund balance increased by 286.6K HYPE. At current validator stake, the official rate relationship models 190.69K HYPE in gross staking rewards across the same period. Observed burn was 95.92K HYPE larger in this narrow comparison.

Observed burn · 7D
286.6K HYPE
Official assistance-fund balance change
Modeled gross rewards · 7D
190.69K HYPE
2.26% annual rate at current stake
Burn minus modeled rewards
+95.92K HYPE
1.50× burn-to-rewards ratio

This is not net HYPE inflation or deflation. It excludes contributor releases, grants, other reserve emissions, HyperEVM gas burns, and any supply reclassification. Validator commission only reallocates staking rewards, so the model uses gross rewards before commission.

Burn mechanics: Hyperliquid fee documentation. Reward formula and reserve: Hyperliquid staking documentation. Latest saved burn capture Oct 10, 2026, 1:17 PM UTC.

Inspect daily burn historyModel your staking scenario
Unlock answer

When is the next HYPE token unlock?

Hyperliquid's public API and docs do not publish a complete dated contributor-release calendar. HypeBasis does not show a countdown. Third-party calendars can model vesting, but their circulating figures and event sizes can disagree with the live official API.

Inspect the source-by-source unlock tracker
Scheduled
A calendar or model says tokens may become available.
Transferred
An onchain balance moved. The transfer does not reveal a sale.
Circulating
The official supply endpoint includes the tokens in its circulating field.
Genesis allocation

Reported HYPE token allocation

A 21Shares SEC filing reports the allocation below. Treat it as static allocation context. Use the official API figures above for current supply.

Future emissions and rewards
Reserve for emissions and community rewards; no complete dated public schedule.
38.888%
388.88M HYPE
Genesis distribution
Reported genesis airdrop allocation.
31%
310M HYPE
Core contributors
Reported contributor allocation; allocation does not equal tokens sold or circulating.
23.8%
238M HYPE
Hyper Foundation
Reported foundation budget allocation.
6%
60M HYPE
Community grants
Reported community grant allocation.
0.3%
3M HYPE
HIP-2 liquidity
Reported Hyperliquidity allocation.
0.012%
120K HYPE

Continue your HYPE research

Live HYPE market brief

HYPE holder distribution

HYPE unlock evidence

Revenue and burn history

HYPE valuation calculator

Validator stake

HYPE whale tracker

Affiliate disclosure: we may earn referral rewards if you use this link.

Open Hyperliquid with the referral link

Review eligibility and risk before trading.

Open Hyperliquid
Risk notice
Crypto perpetuals and leveraged trading are high risk. You can lose money through liquidation, funding, slippage, oracle issues, protocol failures, and market volatility.

Sources

5 references · Expand
  • Hyperliquid Docs: Spot info endpointAccessed 2026-08-26
    Supports: Public spot token and pair metadata, rolling dayNtlVlm market contexts, outcomeMeta request and response fields, asset-context price and supply fields, tokenDetails maximum-supply definitions, and spotClearinghouseState balances.
  • Hyperliquid Docs: FeesAccessed 2026-08-26
    Supports: Rolling 14-day volume tiers, perps and spot fee schedules, HIP-3 deployer fee scale and growth mode, strict HYPE staking-tier thresholds and discounts, referral fee formula and limits, staking-account linking risks, fee-model caveats, fee distribution to HLP, the assistance fund, and deployers, the assistance fund system address, and burn recognition of assistance-fund HYPE.
  • Hyperliquid Docs: StakingAccessed 2026-08-25
    Supports: The approximate 2.37% yearly reward rate at 400M HYPE staked, inverse-square-root rate relationship, rewards from the future-emissions reserve, daily distribution and compounding, validator commission, one-day delegation lock, seven-day staking-to-spot queue, and jailing behavior.
  • Hyperliquid node README: Validator endpointsAccessed 2026-08-20
    Supports: Primary validator endpoint discovery for timestamped validator rows and unavailable-state handling.
  • 21Shares HYPE ETF filing: reported token allocationAccessed 2026-08-24
    Supports: A third-party SEC filing's reported one-billion HYPE maximum and genesis allocation percentages. It does not replace the official API for current supply or prove a dated release calendar.