Hyperliquid (HYPE)
Unlock Schedule
Hyperliquid (HYPE) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the Hyperliquid (HYPE) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence HYPE price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply, allocations, and emissions
Hyperliquid tokenomics were set out during the HYPE genesis event. The initial maximum supply was 1,000,000,000 HYPE, allocated as follows: 31.0% to the genesis distribution, 38.888% to future emissions and community rewards, 23.8% to current and future core contributors (with a one‑year lock and multi‑year vesting thereafter), 6.0% to the Hyper Foundation budget, 0.3% to community grants, and a small 0.012% HIP‑2 allocation. The team emphasized no allocations to private investors, centralized exchanges, or market makers. (hyperfnd.medium.com)
In September 2025, an external asset manager publicly proposed reducing authorized supply by about 45% by revoking unminted emissions and burning certain reserves; such changes would require governance to enact. Whether or not proposals like this pass, they illustrate that Hyperliquid tokenomics are an active topic for community debate. (cointelegraph.com)
What HYPE does
- Gas: HYPE is the native gas token on HyperEVM.
- Staking: HYPE is staked to validators to secure the chain; delegators can choose validators and earn protocol rewards.
- Builder and ecosystem incentives: Emissions and grants fund liquidity, apps, and community programs over time.
Together, these functions influence long‑term network health and, indirectly, how the market values HYPE price over time. (hyperliquid.gitbook.io)
Assumptions
- Modeled the 388.88M 'Future Emissions & Community Rewards' as a 10-year linear release starting 2024-11-29.
Project documents confirm this reserve funds PoS staking rewards and community programs but do not disclose a precise emission timetable; Messari notes a 10-year release assumption which is used here solely to produce monthly series.
- Core Contributors vesting modeled as linear from 2025-12-03 to 2028-12-06.
Official docs state a 1-year post-TGE lock and indicate most schedules complete 2027–2028; CryptoRank and other trackers report daily unlocks of ~216,580 HYPE/day starting Dec 3, 2025, ending Dec 6, 2028.
- Hyper Foundation Budget and Community Grants treated as available at TGE (cliff).
Multiple reports quoting the foundation’s genesis announcement list these allocations without vesting; no official vesting schedule published.
- No private sale/investor allocation included.
Foundation communications and reputable coverage state no allocations to private investors, CEXs, or market makers at genesis.
- 1. https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/staking
- 2. https://hyperliquid.gitbook.io/hyperliquid-docs/onboarding/how-to-stake-hype
- 3. https://cointelegraph.com/news/hyperliquid-hype-token-surges-after-billion-dollar-airdrop/
- 4. https://www.panewslab.com/en/articles/8vkp0zon
- 5. https://mpost.io/hyperliquid-announces-hype-token-genesis-event-set-for-november-29/
- 6. https://coinmarketcap.com/academy/article/a8d1cfe7-819b-4cc8-adf8-cbc69804d569
- 7. https://messari.io/project/hyperliquid/token-unlocks
- 8. https://cryptorank.io/insights/research/hyperliquid-airdrop-playbook
Allocations
Description
#18
Hyperliquid is a decentralized exchange that allows users to trade perpetual futures contracts on an order book with up to 50x leverage and zero fees. It runs on its own L1 chain based on Tendermint.
| Sector: | Perpetuals |
| Blockchain: | Hyperliquid |