Question 1

When is the next Hyperliquid (HYPE) token unlock?

Accepted Answer

The next Hyperliquid unlock is scheduled for October 6, 2026. 9,916,666 HYPE (~$909,159,938.8800001) will be released to Core Contributors. This represents 2.09% of currently released supply. Data version 0, last updated December 29, 2025. Source: Tokenomist (https://tokenomist.ai/hyperliquid).

Question 2

What is the Hyperliquid (HYPE) token vesting schedule?

Accepted Answer

Hyperliquid follows a vesting schedule with allocations to Community Grants, Core Contributors, Genesis Distribution, HIP-2: Hyperliquidity and Hyper Foundation Budget. The primary vesting mechanism is cliff. 47.48% of the 1,000,000,000 total supply has been released with 38.89% of TBD locked supply and 13.63% of Locked supply and 0.00% of Untracked supply remaining. The full unlock schedule extends into 2026. Data version 0, updated December 29, 2025. Source: Tokenomist (https://tokenomist.ai/hyperliquid).

Question 3

What are the components of a token's vesting schedule?

Accepted Answer

The 3 components are: Released Supply-The total amount of tokens that are unlocked and claimable, including those still held in stakeholder wallets. This is not the same as Reported Circulating Supply, TBD Locked Supply-refers to tokens that are allocated but do not have a predetermined release date. Their release mechanics are not governed by a publicly verifiable, time-based schedule and may depend on future events, internal decisions, or ongoing operational distributions, Locked Supply-The number of tokens that have been restricted to prevent trading in the public market and transfer to non-stakeholder wallets. The duration of the lock time and type of release (cliff or linear) are also specified and does not yet include the locked token in the re-lock mechanism.

Question 4

How much Hyperliquid (HYPE) supply is currently unlocked?

Accepted Answer

As of December 29, 2025, 474,827,814 HYPE (47.48% of the 1,000,000,000 total supply) has been released. The remaining 136,292,186 tokens are still locked and will be released according to the vesting schedule. Source: Tokenomist (https://tokenomist.ai/hyperliquid).

Question 5

What is Hyperliquid's FDV (Fully Diluted Valuation)?

Accepted Answer

Hyperliquid's FDV is $87,357,942,157.8864 based on all 1,000,000,000 tokens at the current price of $91.68. The reported market cap is $20,529,167,070 and Tokenomist's adjusted market cap is $39,210,156,145.4064. Source: Tokenomist (https://tokenomist.ai/hyperliquid).

Question 6

Is Hyperliquid vesting cliff or linear?

Accepted Answer

Hyperliquid primarily uses cliff vesting. Source: Tokenomist (https://tokenomist.ai/hyperliquid).

Question 7

How can I track upcoming Hyperliquid (HYPE) unlocks?

Accepted Answer

Tokenomist provides an up-to-date vesting chart, unlock calendar, and emission monitor for Hyperliquid at https://tokenomist.ai/hyperliquid. Pro subscribers and API users get real-time alerts and CSV/JSON exports.

Allocation Name	% of Allocation	Total Amount (HYPE)

Hyperliquid

9.93%

9.89%

No

$25.55B

$0.00

Fundamentals

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What is the Hyperliquid token vesting schedule?

When is the next Hyperliquid unlock?

How much Hyperliquid supply is currently unlocked?

Is Hyperliquid vesting cliff or linear?

What is the difference between Hyperliquid circulating and total supply?

What is Hyperliquid's FDV (Fully Diluted Valuation)?

How is Hyperliquid allocated across stakeholders?

Has Hyperliquid price dropped after past unlocks?

How can I track upcoming Hyperliquid unlocks?

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Press & Mentions

Press & Mentions

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What is the Hyperliquid token vesting schedule?

When is the next Hyperliquid unlock?

How much Hyperliquid supply is currently unlocked?

Is Hyperliquid vesting cliff or linear?

What is the difference between Hyperliquid circulating and total supply?

What is Hyperliquid's FDV (Fully Diluted Valuation)?

How is Hyperliquid allocated across stakeholders?

Has Hyperliquid price dropped after past unlocks?

How can I track upcoming Hyperliquid unlocks?

Tokenomist Research

Weekly Unlock Digest: Sep 14-20, 2026 | Unlocks meet an 87% hike probability

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