Complete guide to HYPE token distribution, supply, utility, and the Hyperliquid token price. Everything you need to know about Hyperliquid tokenomics.
HYPE is the native token of the Hyperliquid ecosystem. It powers the network's governance, staking, and fee discount systems. The token was launched with one of the largest community airdrops in crypto history.
You can check the current Hyperliquid token price and Hyperliquid market cap on CoinGecko or CoinMarketCap.
The HYPE token has a fixed total supply of 1 billion tokens. Approximately 31% (310M tokens) were distributed to the community through an airdrop at launch. The remaining tokens are allocated for future emissions (38.888%), core contributors (23.8%), Hyper Foundation (6%), and community grants (0.3%). This distribution ensures long-term sustainability and community alignment.
Hold HYPE tokens to unlock trading fee discounts on Hyperliquid.
Stake HYPE to earn staking rewards and secure the network.
Vote on protocol proposals and shape the future of Hyperliquid.
Access premium features in the Hyperliquid ecosystem.
Community tokens (31%) were fully unlocked at launch through the airdrop.
Core contributor tokens (23.8%) are subject to a vesting schedule with cliff and linear unlock periods.
Future emissions (38.888%) will be distributed over time for staking rewards and ecosystem growth.
The Hyperliquid ecosystem includes multiple products:
Hyperliquid was founded by Jeff Yan, a former quantitative trader at Citadel and Harvard graduate. The team has deep experience in high-frequency trading and building performant systems.
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