HYPE · the Hyperliquid token
Supply and scarcity, the Assistance Fund buyback flywheel, protocol revenue, burn and staking.
HYPE——Overview
Live price, valuation & headline supplyPrice
—
—
24h volume
—
spot
Market cap
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circulating × price
Fully diluted
—
max supply × price
Circulating
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Assistance Fund
—
Lifetime revenue
—
fuels the buyback
Price
—— 30D····
ATH —ATL —Hyperliquid candles · @107
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The Flywheel
How protocol fees become a buyback · the mechanics in one pictureProtocol Revenue
buyback fuel··
~97–99% of these fees fund the on-chain HYPE buyback·lifetime —
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Sources: Hypurrscan · HypeDexer · HL·Spot ×2
FAQ
What is HYPE used for?
HYPE is the native asset of Hyperliquid. It pays the deployment gas in HIP-1 ticker auctions and HIP-3 deploy auctions, it is the asset staked with validators to secure the chain, and it is what the Assistance Fund buys back with protocol revenue.
How does staking HYPE work?
Stake is delegated to validators on HyperCore and rewards compound automatically. Each delegation is locked for one day, and returning stake to your spot account passes through a 7-day unstaking queue.