HyperLiquid Tokenomics

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HYPE Overview & Token Details

Discover HYPE's robust tokenomics model driving HyperLiquid, revolutionizing transaction efficiency and economic incentives.

Ticker
$HYPE
Listing Price
$10
Total Supply
1,000,000,000
Niche
  • Blockchain
  • Exchange
TGE Date
2024-11-29
Tier 1
Tokenomics
Economy
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#13
Percentile
Top 1%
9
2
1
Economic Policies
92.05
Investment & Valuation
-
Utility & Value Flow
99.15
Liquidity & Market Making
-
Distribution Fairness
98.32

Tokenomics Structure (Token Supply, Allocation & Vesting Overview)

Allocation Distribution

Pool Name
Percentage
Vesting Information
Future Community Rewards38.89%60 Month Linear Vesting
Genesis Distribution31.00%100.0% at TGE
Core Contributors23.80%12 Month Cliff, 36 Month Linear Vesting
Hyper Foundation Budget6.00%60 Month Linear Vesting
Community Grants0.30%12 Month Cliff, 36 Month Linear Vesting
HIP-20.01%100.0% at TGE
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Showing 1-6 out of 6

Category Score
98.32out of 100
Percentile
Top 1%

Allocation Distribution Indicators

Highlights
0
Warnings
1
Alerts
1

Distribution Fairness

Token Allocation Benchmarks (vs Top Projects)

Token Allocation Deviation Analysis

Deviation Status

Public Sale
-7.8%
Medium
Community
+34.7%
High
Foundation
-17.3%
High
Insiders
+5.6%
Medium
Investors
-15.2%
High

Token Allocation Deviation Analysis

This section evaluates how HyperLiquid allocates its token supply compared to leading Blockchain projects. It measures deviation across key stakeholder groups and determines whether the allocation aligns with proven benchmarks. The analysis helps assess whether HYPE follows a fair and balanced distribution structure or introduces concentration risks.

Overall Deviation Status

High

Category Score
—out of 100
Percentile
—

Governance Indicators

Highlights
3
Warnings
0
Alerts
0

Token Power

Token Governance Concentration Analysis

This section analyzes who holds actual control over the HyperLiquid circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power of HYPE is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Decentralized
Year 1
Decentralized
Year 2
Decentralized
Year 3
Decentralized
Year 4
Decentralized

Insider Dominance Test

Passed

Investor Dominance Test

Passed

Category Score
98.07out of 100
Percentile
Top 1%

Inflation Indicators

Highlights
3
Warnings
1
Alerts
0

Emission Type

Circulation

Token Inflation (Annual Analysis)

This section analyzes whether HYPE token inflation is sustainable over time. We compare annual emission rates against top-performing projects, assess how balanced the vesting and unlock schedules are, and evaluate how inflationary pressure may affect long-term token value, circulating supply growth, and investor dilution.

Year 1 Inflation

25.1%

Year 2 Inflation

20.3%

Year 3 Inflation

16.9%

Year 4 Inflation

14.4%

Inflation YoY

Category Score
89.15out of 100
Percentile
Top 8%

Supply Shock Indicators

Highlights
1
Warnings
0
Alerts
0

Emission Type

Circulation

Monthly Supply Shocks

Token Unlock & Dilution Events

This section tracks every HYPE token unlock and dilution event across the full vesting timeline. We quantify the size and timing of each release, classify dilution risk levels (low, medium, high), and highlight the largest unlock event by date and percentage of total supply. Charts help understand emission pressure and anticipate potential supply shocks.

Supply Shocks Counter

0 Low Risk
0 Mid Risk
0 High Risk

Highest Supply Shock

2.1%
at Month 1

Detailed Information

Category Score
85.83out of 100
Percentile
Top 7%

Risk of Dilution Indicators

Highlights
2
Warnings
0
Alerts
0

Token Emission, Float and Circulating Supply Analysis

This section evaluates the circulating supply and emission schedule of HYPE, focusing on its initial float at TGE, its dilution profile over time, and how these levels compare with top-performing projects.

Initial Float

31.00%

Best Performer Float

12.34%

Team Float Control

0.0%
Low Control
Mid Control
High Control
At launch, the team controls 0.0% of the circulating supply, reducing the real initial float to 31.00%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
98.58out of 100
Percentile
—

Token Utility Indicators

Highlights
3
Warnings
1
Alerts
1

Token Utility Overview

This section analyzes whether the HYPE token has a clear economic role within the ecosystem, and more importantly, why users would hold it over time instead of treating it as a purely speculative asset. We evaluate what utility the token provides, which functions it enables, and how it solves real problems across the network.

Utility Score

98.58
Excellent

Value Flow

Excellent
Utility Type
Status
Description
Governance
voting using HYPE.
Access / Feature Unlock
Access to a trading fee discount when staking HYPE.
Medium of Exchange
Native gas token on HyperEVM (Chain ID 999) with EIP-1559 mechanics.
Staking (Consensus)
proof-of-stake (DPoS) system via HyperCore.
Medium of Payment
Required for HIP-1 token listings (Dutch auctions starting at 500 HYPE) and HIP-3 perpetual deployments (1M HYPE stake required)
Showing 1-5 out of 6

Category Score
99.43out of 100
Percentile
—

Value Capture Indicators

Highlights
3
Warnings
1
Alerts
1
Value Accrual
Status
Description
Buyback and Burn
Most platform revenue is used to buy back HYPE.
Fee Redistribution
46% of revenue goes to HLP (liquidity providers); 54% to AF for HYPE buyback.
Staking Rewards
~2.5% APY from consensus layer
Buyback and LP
No mechanism for buying back and LPing tokens.
ve-Token Models
No vote-escrow token model.
Showing 1-5 out of 6

Token Buybacks, Burns & Value Accrual

This section is one of the most important layers: it analyzes whether HyperLiquid (HYPE) captures and retains on-chain value and how effectively that value flows back to the token. We examine fee redistribution, staking rewards, buyback mechanisms, burn models, and whether the protocol creates real token sinks that reduce sell pressure over time.

Value Accrual

Excellent

Value Capture

Excellent
Trading Fees
Perps: 0.045%/0.015% T/M
HIP Auctions
Token listings & market deployments
HyperEVM Gas
HYPE as gas token
Protocol Revenue
$1.3B annualized, $3M daily
Assistance Fund
~90% for HYPE buybacks
HLP Vault
~10% to liquidity providers
Buyback & Burn
~$2.5M daily, 1.33M HYPE/year
Staking Rewards
~2.5% APY from emissions
DPoS Staking
43% of supply staked
Governance
Validator voting only
Trading Fee Discounts
5-40% based on HYPE staked
$HYPE Token Flow
100% fees to community
Market Creator Rewards
Get 50% of market fees from their deployed markets.
Reward Emissions
38.89% supply reserved

HYPE Tokenomics FAQ – Key Questions About HyperLiquid

What is the utility of the HYPE token?

HyperLiquid has 6 primary token utilities:

  • Governance: voting using HYPE.
  • Access / Feature Unlock: Access to a trading fee discount when staking HYPE.
  • Medium of Exchange: Native gas token on HyperEVM (Chain ID 999) with EIP-1559 mechanics.
  • Staking (Consensus): proof-of-stake (DPoS) system via HyperCore.
  • Medium of Payment: Required for HIP-1 token listings (Dutch auctions starting at 500 HYPE) and HIP-3 perpetual deployments (1M HYPE stake required)
  • Gas Fee: HYPE is used as gas on HyperEVM.

What is the token allocation for HYPE?

HyperLiquid token distribution allocates 1,000,000,000 HYPE across 3 primary stakeholder groups:

  • Community: 70.19% (Future Community Rewards 38.89%, Genesis Distribution 31.00%, Community Grants 0.30%)
  • Insiders: 23.80% (Core Contributors 23.80%)
  • Foundation: 6.01% (Hyper Foundation Budget 6.00%, HIP-2 0.01%)

What is the vesting schedule for HYPE?

HYPE uses variable cliffs and vesting schedules that change depending on the allocation:

  • Future Community Rewards: 60 Month Linear Vesting
  • Genesis Distribution: 100.0% at TGE
  • Core Contributors: 12 Month Cliff, 36 Month Linear Vesting
  • Hyper Foundation Budget: 60 Month Linear Vesting
  • Community Grants: 12 Month Cliff, 36 Month Linear Vesting
  • HIP-2: 100.0% at TGE

How many HYPE tokens unlock at TGE?

31% of the total supply (310,100,000 HYPE) is unlocked at TGE, with the tokens split between Community and Foundation.

What is the total supply and circulating supply of HYPE?

HyperLiquid has a total supply of 1,000,000,000 HYPE, of which 392,414,663 HYPE (39.2% of total) is currently circulating.

What is the token emission schedule for HYPE?

Total length of the full HyperLiquid emission schedule is 6 years, with 39.24% released in Year 1, while the remaining 60.76% is released over the following 5 years.

What percentage of HYPE is allocated to the community?

70.2% of the HyperLiquid supply is allocated to community focused pools such as Future Community Rewards, Genesis Distribution, and Community Grants.

What is HyperLiquid (HYPE)?

HyperLiquid operates at the forefront of digital asset management by leveraging cutting-edge protocol designs that optimize transaction speed and economic value. The $HYPE token serves as the core utility within the HyperLiquid ecosystem, facilitating seamless transactions and offering substantial rewards for participants. HyperLiquid's unique selling proposition lies in its commitment to minimizing latency and enhancing transaction ordering to ensure optimal operational execution. The economic model underpinning HYPE includes transaction fees, staking rewards, and governance utilities, all contributing to a sustainable and scalable platform. $HYPE holders are integral to governing ecosystem upgrades and ensuring protocol security through decentralized decision-making processes. With HyperLiquid, users experience unrivaled efficiency and transparency, positioning it as a leader in the blockchain space. Whether engaged in high-frequency trades or strategic investments, stakeholders benefit from HyperLiquid's commitment to technological excellence and economic innovation.

This tokenomics data is maintained by Tokenomics.com and updated automatically from our analytics engine.

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