HYPE Token Dashboard
Right now (Oct 25, 15:54 UTC): 302.0M of 998.8M HYPE are circulating (30% of total supply). The Assistance Fund holds 48.3M HYPE, bought for $1.4B at an average $28.70. 44% of total supply is staked with validators.
How this is calculated: Supply from Hyperliquid’s tokenDetails endpoint; Assistance Fund holdings and cost basis from the spot balance of its public address; staking from validatorSummaries. Maintained by LabelYX.
Where all 998.8M HYPE sit right now
Reconciles exactly to total supply| Bucket | HYPE | Share | |
|---|---|---|---|
| Circulating | 302,007,355 | 30.2% | |
| Future emissions & community rewards | 410,465,392 | 41.1% | |
| Core contributors (locked) | 238,100,068 | 23.8% | |
| Assistance Fund | 48,254,123 | 4.8% | |
| Burn addresses | 1,677 | 0.0% |
Assistance Fund
How HYPE’s supply is split
HYPE launched on 29 November 2024 with a fixed maximum of 1 billion tokens. The genesis allocation was 31% to the genesis distribution (the airdrop, fully unlocked), 38.888% to future emissions and community rewards, 23.8% to current and future core contributors, 6% to the Hyper Foundation budget, 0.3% to community grants and 0.012% to HIP-2 liquidity. The table above doesn’t restate that plan: it reads where every token is today from Hyperliquid’s own token endpoint, which lists circulating supply, the future-emissions reserve and each non-circulating wallet. Those buckets add up to the reported total supply exactly.
The core-contributor bucket is the one that draws attention around unlocks. Tokens in that wallet are not counted as circulating; what matters for selling pressure is how much actually leaves it, not the schedule on paper, so watch that row rather than headlines about a monthly unlock.
What the Assistance Fund does
Hyperliquid sends trading fees to the community rather than to a company: to HLP, to the Assistance Fund and, for markets deployed by builders, to their deployers. The Assistance Fund converts its share of fees into HYPE. Hyperliquid’s documentation describes the HYPE it holds as burned, permanently removed from circulation, which is why the fund appears here as non-circulating.
Because the fund only buys, the cost basis of its holdings is the running total of everything it has spent on buybacks. Dividing that by the HYPE it holds gives its average purchase price, which is a clean way to see whether buybacks have been made at a discount or a premium to today’s price.
Staking
HYPE can be delegated to validators to secure the chain and earn a protocol reward. Live APR, commission and uptime for every validator are on the Hyperliquid validators page. Staked HYPE also lowers trading fees: the fees guide covers the tiers.
Frequently asked
How much HYPE has Hyperliquid bought back?
The Bought back figure at the top of this page: the USD cost basis of all HYPE held by the Assistance Fund, read live from its public address. Because the fund only buys, that cost basis equals its cumulative buyback spend.
What is the circulating supply of HYPE?
The circulating figure in the supply table, taken from Hyperliquid token endpoint. It excludes the future-emissions reserve, the locked core-contributor wallet, the Assistance Fund and burn addresses.
Is HYPE in the Assistance Fund burned?
Hyperliquid documentation says HYPE in the Assistance Fund is burned, removing it permanently from circulating supply. The token endpoint lists the fund as non-circulating, and it is shown that way here.
What was the original HYPE allocation?
31% genesis distribution, 38.888% future emissions and community rewards, 23.8% core contributors, 6% Hyper Foundation budget, 0.3% community grants and 0.012% HIP-2, out of a 1 billion maximum supply.
Where does this data come from?
Directly from Hyperliquid public API: the tokenDetails endpoint for supply, the Assistance Fund spot balance for buybacks, and validatorSummaries for staking. Nothing is estimated or copied from third-party trackers.