Question 1

What is the utility of the HYPE token?

Accepted Answer

HyperLiquid has 8 primary token utilities:

- Network Security: HYPE is staked in a delegated proof-of-stake consensus model where validators require a minimum self-delegation of 10,000 HYPE locked for one year, and delegators lock tokens for one day with a 7-day unstaking queue.
- Staking Rewards: Stakers earn rewards following a dynamic formula inversely proportional to the square root of total HYPE staked, accruing every minute and distributed daily with automatic recompounding to the staked validator.
- Staking Access: Deploying perpetual markets via HIP-3 requires staking 500,000 HYPE for at least 30 days, and builder deployments on HyperEVM require staking 1 million HYPE to join a Dutch auction for a deployment slot.
- Fee Discounts: Staking HYPE unlocks tiered fee discounts ranging from 5% at the Wood tier (10+ HYPE) to 40% at the Diamond tier (500,000+ HYPE), applying to trading fees across perpetuals and spot markets.
- Status Tiers: Six explicitly named tiers exist: Wood, Bronze, Silver, Gold, Platinum, and Diamond, each with escalating fee discount perks and volume contribution bonuses for aligned stablecoin quote assets.
- Gas Token: HYPE is the native gas token on HyperEVM, required for all transaction fees on the EVM layer with both base fees and priority fees burned via the EIP-1559 mechanism.
- Service Payments: Deploying spot tokens via HIP-1 requires winning a 31-hour Dutch auction denominated in HYPE, and additional perpetual assets beyond the first three require Dutch auction bids in HYPE.
- Delegated: Users delegate staked HYPE to validators who declare stances on governance proposals, with final outcomes determined by the weight of delegated staked tokens rather than validator count alone.

HyperLiquid
 has 
8
 primary token utilities:
- Network Security
: 
HYPE is staked in a delegated proof-of-stake consensus model where validators require a minimum self-delegation of 10,000 HYPE locked for one year, and delegators lock tokens for one day with a 7-day unstaking queue.
- Staking Rewards
: 
Stakers earn rewards following a dynamic formula inversely proportional to the square root of total HYPE staked, accruing every minute and distributed daily with automatic recompounding to the staked validator.
- Staking Access
: 
Deploying perpetual markets via HIP-3 requires staking 500,000 HYPE for at least 30 days, and builder deployments on HyperEVM require staking 1 million HYPE to join a Dutch auction for a deployment slot.
- Fee Discounts
: 
Staking HYPE unlocks tiered fee discounts ranging from 5% at the Wood tier (10+ HYPE) to 40% at the Diamond tier (500,000+ HYPE), applying to trading fees across perpetuals and spot markets.
- Status Tiers
: 
Six explicitly named tiers exist: Wood, Bronze, Silver, Gold, Platinum, and Diamond, each with escalating fee discount perks and volume contribution bonuses for aligned stablecoin quote assets.
- Gas Token
: 
HYPE is the native gas token on HyperEVM, required for all transaction fees on the EVM layer with both base fees and priority fees burned via the EIP-1559 mechanism.
- Service Payments
: 
Deploying spot tokens via HIP-1 requires winning a 31-hour Dutch auction denominated in HYPE, and additional perpetual assets beyond the first three require Dutch auction bids in HYPE.
- Delegated
: 
Users delegate staked HYPE to validators who declare stances on governance proposals, with final outcomes determined by the weight of delegated staked tokens rather than validator count alone.

Question 2

What is the token allocation for HYPE?

Accepted Answer

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%).

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%)

Question 3

What is the vesting schedule for HYPE?

Accepted Answer

HYPE uses variable cliffs and vesting schedules that change depending on the allocation: Future Community Rewards: Future emissions for community rewards | 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

HYPE uses variable cliffs and vesting schedules that change depending on the allocation:
- Future Community Rewards
: 
Future emissions for community rewards
- 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

Question 4

How many HYPE tokens unlock at TGE?

Accepted Answer

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

Question 5

What is the total supply and circulating supply of HYPE?

Accepted Answer

HyperLiquid has a total supply of 1,000,000,000 HYPE, of which 222,445,714 HYPE (22.2% of total) is currently circulating.

Question 6

What is the token emission schedule for HYPE?

Accepted Answer

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.

Question 7

What percentage of HYPE is allocated to the community?

Accepted Answer

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

Question 8

What is HyperLiquid (HYPE)?

Accepted Answer

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.

Pool Name	Allocation %	Release Progress	Locked $	Next Unlock
Future Community Rewards	38.89%	30.0%	$17.5B	1 Days
Genesis Distribution	31.00%	100.0%	$0.0	Finished
Core Contributors	23.80%	19.4%	$12.3B	1 Days
Hyper Foundation Budget	6.00%	30.0%	$2.7B	1 Days
Community Grants	0.30%	19.4%	$155.4M	1 Days
HIP-2	0.01%	100.0%	$0.0	Finished

HyperLiquidHYPE

HyperLiquid Tokenomics Overview

HyperLiquidHYPE

HyperLiquid Tokenomics Overview

HYPE Tokenomics FAQ

What is the utility of the HYPE token?

What is the token allocation for HYPE?

What is the vesting schedule for HYPE?

How many HYPE tokens unlock at TGE?

What is the total supply and circulating supply of HYPE?

What is the token emission schedule for HYPE?

What percentage of HYPE is allocated to the community?

What is HyperLiquid (HYPE)?

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