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Overview
Hopr (HOPR) is a network for sending data with greater privacy. Its focus is metadata: information about a message, such as where it came from, where it is going, and when it was sent. A message can be encrypted while still leaving these clues visible to a network observer. Hopr is designed to make those clues harder to connect to a person or device. (docs.hoprnet.org)
The network is a mixnet, a system that passes data through several independent computers called nodes. HOPR is the token used to pay for data delivery, fund node operations, and support community governance. The goal is to make private communication a service that developers can build into applications, rather than a feature each application must create from scratch. (hoprnet.org)
Price, Market Position, and Liquidity
As of 11/10/2026 16:00 UTC, Hopr (HOPR) trades at $0.011 with a -2.47% move over the last 24 hours.
The market capitalization stands at $9.4M, placing it at rank #1269 by market value.
Daily trading volume is $21K. Hopr (HOPR) has moved -12.63% over the past seven days and -15.23% across the last 30 days.
History & Team
From research to a live network
Hopr grew out of work on private messaging that began in 2018. The team demonstrated an early version of the protocol in 2019 and formed the Switzerland-based HOPR Association in 2020. Sebastian Bürgel has identified himself as a founder of the project. The association has worked on the protocol alongside community members who run nodes and take part in governance. (hoprnet.org)
The project received early support from the Web3 Foundation and a seed round led by Binance in 2020. Later work moved beyond testing toward an incentivized network. A major step came with the Dufour release in 2023, which brought together node staking, cover traffic, and support for applications using the network. In 2024, GnosisDAO approved an investment and collaboration related to Hopr’s privacy technology. These milestones show how the project developed from a privacy concept into infrastructure with uses beyond its own token. (hoprnet.org)
Technology & How It Works
Hiding the path of a message
When an application sends data through Hopr, the data travels across a series of nodes rather than going straight to its destination. Each relay handles only the part of the route it needs to know. Layers of encryption help keep a node from seeing the whole journey. Hopr also uses a packet format called Sphinx so packets have a uniform size, making them harder to distinguish by their length. (docs.hoprnet.org)
A mixnet goes further than simply adding relay stops. Nodes mix traffic from different users and can delay packets before forwarding them. This makes it harder to match a packet entering a node with one leaving it. Hopr adds cover traffic—packets with no meaningful message—to provide other traffic for real messages to blend into, including when ordinary use is low. (docs.hoprnet.org)
Paying nodes for their work
Independent operators need a reason to keep their nodes running. Hopr’s proof-of-relay mechanism links a node’s payment to the act of forwarding data. Neighboring nodes exchange parts of a cryptographic key as a packet moves along its route; completing that exchange lets a relay claim its reward. (docs.hoprnet.org)
Recording every forwarded packet directly on a blockchain would create many transactions and reveal clues about network activity. Hopr instead uses payment channels and reward tickets. Tickets can be redeemed after a delay, while probabilistic payments reduce how often rewards need on-chain settlement. Together, these mechanisms connect token payments to the private data network without placing every hop on a public ledger. (docs.hoprnet.org)
Tokenomics & Utility
One token, several network roles
HOPR began as a token on Ethereum. The project states a total token supply of one billion HOPR and describes an initial release plan that reserved a quarter of the supply for rewards tied to relaying cover traffic. The token’s basic uses are paying to send data, funding nodes that relay it, and participating in governance. (hoprnet.org)
For network operations, Hopr also uses Gnosis Chain. Its documentation distinguishes Ethereum HOPR from xHOPR, a bridged version on Gnosis Chain, and wxHOPR, a wrapped version used by nodes. Gnosis Chain was chosen to make protocol transactions less costly than performing them on Ethereum. These forms serve different roles, so the chain and token version matter when moving tokens into a node. (docs.hoprnet.org)
Hopr’s SafeStaking design keeps most of a node operator’s funds in a separate smart-contract account called a HOPR Safe. The node receives limited access to funds needed for tasks such as opening payment channels and redeeming tickets. An operator can set permissions for those actions. A larger stake can increase a node’s chance of receiving cover traffic, while relay activity and node performance also shape the rewards it earns. (docs.hoprnet.org)
Ecosystem & Use Cases
Hopr is intended as a privacy layer that other software can use. A clear example is RPCh, an application built on the protocol. Crypto wallets send requests to blockchain access services, often called RPC providers. RPCh routes requests and responses through the Hopr mixnet to reduce the metadata those connections expose. Hopr’s MyTokenTracker demonstration shows another form of metadata leakage: outside web requests can help connect an Ethereum address with a user’s IP address. (docs.hoprnet.org)
The project also describes uses for medical devices and other connected sensors, where a stream of messages may reveal sensitive patterns even when the readings themselves are encrypted. Its published medtech work examines how Hopr nodes and cover traffic could protect communication from a sensor-based system. In 2024, the team announced a GnosisVPN proof of concept designed to use the mixnet for private access to online services. These examples share a central idea: protecting the information revealed by a connection, as well as the contents sent through it. (hoprnet.org)
Advantages & Challenges
Hopr’s main strength is its focus on a privacy problem that encryption alone does not solve. Its design combines multiple relays, mixing, uniform packets, and cover traffic. Token rewards give independent operators a reason to supply the nodes that make the system work, while proof of relay connects those rewards to forwarding data. The separate SafeStaking account adds a way to control how much of an operator’s funds a node can access. (docs.hoprnet.org)
The same design brings practical trade-offs. Sending data through several relays and mixing it takes more steps than a direct connection. Cover traffic uses network capacity, and node operation requires tokens, payment channels, and ongoing availability. Privacy also depends on having enough useful traffic and participating nodes: a mixnet with little activity gives messages fewer others to blend into. Hopr’s development work therefore involves improving both network performance and the ease of building services on top of it. (docs.hoprnet.org)
Where to Buy & Wallets
HOPR is available on Coinbase and through an Ethereum-based pool on Uniswap. Hopr’s documentation also lists AscendEX for HOPR and CowSwap and Swapr for Gnosis Chain trading. The token version offered differs by network: Ethereum uses HOPR, while Gnosis Chain uses bridged and wrapped forms. (docs.hoprnet.org)
An Ethereum-compatible wallet such as MetaMask can hold the Ethereum token. Node operators use a HOPR Safe, built with Safe smart-account technology, to manage funds for staking and payment channels. Operating a node on Gnosis Chain calls for wxHOPR and the chain’s native xDAI for transaction fees. (docs.hoprnet.org)
Regulatory & Compliance
Hopr’s legal context varies by jurisdiction and by activity. In Switzerland, where the HOPR Association is based, the financial regulator FINMA assesses tokens according to their function. Its framework covers payment, utility, and asset tokens, including tokens with more than one function. In the European Union, the Markets in Crypto-Assets framework sets rules for crypto-asset services. In the United States, the application of securities law depends on a crypto asset’s features and the circumstances in which it is offered or sold. These frameworks address token activity and service providers rather than the privacy technology alone. (hoprnet.org)
For Islamic finance, Hopr has an identifiable service use: tokens pay for data relay, and node operators receive rewards for network work. Its staking arrangements and token ownership would still need to be assessed as a whole under Shariah principles. HOPR has no established project-specific halal certification or ruling, so its service-based design alone does not settle its halal status. (hoprnet.org)
Future Outlook
Hopr’s published roadmap focuses on anonymity, decentralization, throughput, usability, and integration. In practical terms, those goals mean making private routing work well for more applications while making nodes and developer tools easier to use. RPCh and the GnosisVPN proof of concept show two paths for that work: private blockchain connections and broader private access to services. (hoprnet.org)
The relationship between applications and node operators will remain central to the network. More applications can bring real traffic for nodes to relay; dependable nodes, in turn, give developers a stronger base on which to build. Hopr’s token model is designed to connect those two sides by paying for communication and rewarding the computers that carry it. (hoprnet.org)
Summary
Hopr is a decentralized mixnet built to protect the metadata around online communication. HOPR gives the network a way to pay relays, fund node participation, and involve the community in governance. Its place in the crypto ecosystem comes from applying those tools to a specific need: helping applications communicate without exposing as much about who connects to whom. (hoprnet.org)
Description
#1269
Hopr is a platform that provides privacy and security for data transfers on the blockchain. Users can also earn rewards by running nodes and relaying data on the platform.
| Sector: | DePIN |
| Blockchain: | Ethereum |
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
