Hyperliquid

Hyperliquid follows a vesting schedule with allocations to the Future Emissions and Community Rewards, Genesis Distribution, Core Contributors, Hyper Foundation Budget, Community Grants and HIP-2: Hyperliquidity. Most allocations are released through a cliff mechanism. The full unlock schedule extends into 2027.

The next unlock for Hyperliquid is scheduled for December 6, 2026, released to Core Contributors.

As of today, approximately 445,888,086 Hyperliquid has been unlocked, which is 49.47% of Hyperliquid’s total supply. Float is 46.88% of max supply (excluding burned tokens). The remaining tokens are still locked and will be released according to the vesting schedule.

Hyperliquid uses cliff vesting, especially for Future Emissions and Community Rewards allocations. This means tokens are released all at once after a set waiting period, creating a delayed but significant supply event.

The circulating supply of Hyperliquid is 239,406,814 tokens, the total supply is 1,000,000,000 tokens, and the max supply is 951,226,939 tokens. The total supply is all tokens that have been or will be created, including those that are still locked. The max supply is the max amount of tokens to ever be in circulation. It is the total supply minus the 48,773,061 tokens that have been burned.

Hyperliquid’s FDV is $71,090,000,000 which reflects the market value if all 1,000,000,000 tokens were unlocked. This figure helps estimate long-term dilution risks.

The Hyperliquid allocation includes Community Grants at 0.30%, HIP-2: Hyperliquidity at 0.01%, Future Emissions and Community Rewards at 38.89%, Genesis Distribution at 31.00%, Core Contributors at 23.80% and Hyper Foundation Budget at 6.00%.

Historically, Hyperliquid has shown medium volatility 7 days after the past unlock. The price impact depends on who receives the unlocked tokens and market conditions.

Tokenomist provides an up-to-date vesting chart and unlocks monitor that shows upcoming unlocks for Hyperliquid, with visibility for each allocation and amount.