#7 of 25 · Hyperliquid
Is HYPE deflationary?
Shrinking · −1.1% provisional supply next year
HYPE supply is expected to shrink over the next twelve months (−1.1% provisional). That figure is a provisional estimate from a live protocol model with 11,004 inputs over 22 days, which needs 90 days of history to be measured. Under its assistance fund buy-and-burn program, tokens are permanently destroyed, funded by protocol trading fees. Its unlock timing is not fully disclosed, so releases are scored as unknown rather than as zero. Beneat Supply Watch ranks HYPE #7 of 25 with an overall supply score of 79 out of 100, as of Sep 6, 2026.
Supply score
79 / 100
Key figures
Supply next year
−1.1% provisional
Tokens unlocking, 12 months
Not disclosed
Circulating
22.2%
Market cap
$19.2B
Supply direction score
74
Release pressure score
62
Program strength
96
Track record
95
Scores are 0–100 research shortcuts, not price forecasts. Sources: partial. Data as of Sep 6, 2026.
Supply history
Daily observed effective supply from the approved protocol adapter. Scheduled releases are shown separately below.
Upcoming releases
The release schedule is not publicly dated. Future-emission allocations remain large and do not have a complete public dated release curve.
No calculable HYPE release is published for the coming months.
How HYPE supply changes
Paid for by
Protocol trading fees
What happens
Assistance Fund buy-and-burn
Where tokens go
Permanently removed from supply
The Assistance Fund converts trading fees to HYPE automatically. Hyperliquid now classifies its HYPE balance as burned, so the live model annualizes verified fund purchases against effective supply.
Catalyst
No material catalyst recorded.
Offsetting risk
The total-supply burn is measured, but future token releases can still create material float expansion.
Questions people ask about HYPE supply
- Is HYPE deflationary?
- HYPE supply is expected to shrink over the next twelve months (−1.1% provisional). That figure is a provisional estimate from a live protocol model with 11,004 inputs over 22 days, which needs 90 days of history to be measured. Under its assistance fund buy-and-burn program, tokens are permanently destroyed, funded by protocol trading fees. Its unlock timing is not fully disclosed, so releases are scored as unknown rather than as zero. Beneat Supply Watch ranks HYPE #7 of 25 with an overall supply score of 79 out of 100, as of Sep 6, 2026.
- When is the next HYPE unlock?
- No dated HYPE release is published for the coming months: the release schedule is not publicly dated. Future-emission allocations remain large and do not have a complete public dated release curve.
- How much HYPE is in circulation?
- 222.4M HYPE is in circulation, about 22.2% of the 1.00B reference supply, with a market cap of $19.2B. Release progress is 1 of 5; expected completion: Not fully disclosed.
- How does HYPE supply change?
- The Assistance Fund converts trading fees to HYPE automatically. Hyperliquid now classifies its HYPE balance as burned, so the live model annualizes verified fund purchases against effective supply. Program: Assistance Fund buy-and-burn. Paid for by protocol trading fees. Destination: permanently removed from supply.
- How reliable is this data?
- HYPE has partial sources: 2 cited documents, last checked Sep 6, 2026. Reconciliation against the published plan is "matched". Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation.
Sources
- CoinGecko · Market and circulating-supply snapshot ↗2026-09-06
- Hyperliquid · Assistance Fund fee conversion and HYPE burn ↗2026-09-01
Reconciliation: matched. Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation. Machine-readable data: /api/screener/deflationary and calendar for HYPE.
Compare with
All 25 tokens on Beneat Supply Watch · How Supply Watch compares with other tools
Research only. Not investment advice. Beneat Supply Watch does not forecast prices.