HYPEHyperliquid · 应用App · PoS

市值 $16.9B · CMC 第 10 名Market cap $16.9B · CMC rank #10

① 流通比例Circulating ratio

22.2%（流通 2.22 亿 / 上限 10.0 亿）22.2% (circulating 222M / cap 1.00B)

绿色 ≥ 90%，红色 < 70%green ≥ 90%, red < 70%

已流通 ÷ 最大供应（没有上限的币用当前总量）Circulating ÷ max supply (current total for tokens with no cap)

CoinGecko（以 CMC 核对）CoinGecko (checked against CMC)

② 过去 12 个月流通增长Supply growth, last 12 months

-17.9%-17.9%

绿色 < 5%green < 5%

流通量 = 市值 ÷ 价格，一年前和现在各取 7 天中位数Circulating = market cap ÷ price; median of 7 days, a year ago and now

CoinGecko 市值 ÷ 价格CoinGecko market cap ÷ price

③a 未来 12 个月计划内解锁Scheduled unlocks, next 12 months

1.8% ～ 53.5%1.8% – 53.5%

绿色 < 5%green < 5%

③b 尚未流通、没有时间表Not circulating, no schedule 276.0%276.0%由总供应推算Derived from total supply

【第三方】核心贡献者 23.8% 有一年锁定期，之后分月释放至 2027–2028；官方未公开完整时间表（The Block）。白皮书推算每月约 992 万（年约 1.19 亿），实际每月领取约 20–33 万（Tokenomist）。DefiLlama 按实际转账追踪[Third party] Core contributors (23.8%) had a one-year cliff, then monthly releases through 2027–2028; the full schedule is not public (The Block). The whitepaper implies about 9.92M a month (about 119M a year), but actual monthly claims are about 0.2–0.33M (Tokenomist). DefiLlama tracks actual transfers

④ 持币人收入 ÷ 市值Holder revenue ÷ market cap

4.64%（年化 $783.41M）4.64% (annualized $783.41M)

绿色 > 3%green > 3%

每周付给持币人的钱（销毁、回购、分红），过去 12 个月Paid to holders each week (burns, buybacks, fee share), last 12 months

DefiLlama Holders Revenue：hyperliquidDefiLlama holders revenue: hyperliquid

⑤ 对 BTCvs BTC

上市以来（2024-11-28）703.8%；1 年 151.9%since listing (2024-11-28) 703.8%; 1 yr 151.9%

绿色 > 0green > 0

起点 = 100：用 BTC 计价还剩多少，周收盘价Start = 100: value left in BTC terms, weekly closes

Hyperliquid HYPE 现货 ÷ Binance BTC/USDT 周线Hyperliquid HYPE spot ÷ Binance BTC/USDT weekly

⑥ 回购覆盖率Buyback coverage

净通缩Net deflation

绿色 ≥ 100%green ≥ 100%

② 为负② is negative

⑦ 市值 ÷ 年化手续费Market cap ÷ annual fees

17 倍（年化 $985.45M；同比 -35%）17x (annualized $985.45M; YoY -35%)

绿色 < 20 倍，红色 > 100 倍green < 20x, red > 100x

每周手续费，过去 2 年；深色是最近 90 天Fees each week, last 2 years; the darker bars are the last 90 days

DefiLlama Fees：hyperliquidDefiLlama fees: hyperliquid

核心贡献者解锁按实际领取量和白皮书计划差距很大；CoinGecko 流通量约 2.2 亿，DefiLlama 约 3.9 亿，口径不同，①③b 需人工核实Core contributor unlocks differ widely between actual claims and the whitepaper plan; CoinGecko shows about 222M circulating and DefiLlama about 391M, so ① and ③b need a manual check.

这个数字不对This number is wrong颜色只说明数字落在哪个区间，不是买卖建议。Colors only show which range a number falls in. Not financial advice.