HYPE burn tracker

Methodology

How the HYPE burn total is calculated

HYPE leaves the supply for good in four ways, and the total on this page adds them up: HYPE bought by the Assistance Fund, HYPE destroyed by HyperCore itself, HYPE sent to HyperCore’s zero and dead addresses, and gas burned on HyperEVM.

Hyperliquid runs two connected chains. HyperCore is where trading happens, and HyperEVM runs smart contracts. HyperCore records HYPE with 8 decimals and HyperEVM with 18, so every amount is converted to HYPE before the four are added. None of the four overlaps another, so no HYPE is counted twice.

HyperCore

Assistance Fund buybacksevery HYPE purchase by the fund

Protocol burns1,000,000,000 − totalSupply

Zero and dead addressesHYPE sent to 0x0000…0000 and 0x0000…dEaD

HyperEVM

Gas burnsgasUsed × effectiveGasPrice, every block

=

Added upHYPE total burnedFour parts that never overlap

Which HYPE burns are counted

Protocol Assistance Fund buybacks

The Assistance Fund is a Hyperliquid system address that buys HYPE on the order book. Hyperliquid’s fee documentation says the HYPE it holds is burned.

The tracker adds up the size of every HYPE purchase the fund makes. A trade counts only if HYPE is the market’s base token and the fund was the buyer, and each trade is counted once.

Trade-by-trade records begin on 22 March 2025. Everything the fund bought before then is one opening balance of 17,987,320.50473923 HYPE: the fund’s official balance minus the purchases recorded since. It is a reconciled figure, not a single transaction.

HyperCore protocol burns

HyperCore destroys HYPE as it runs. Spot-trading fees paid in HYPE, order-priority and gossip-priority fees, deploy-gas auctions, slashed HIP-3 stake and sub-lot dust all reduce HYPE’s total supply. Hyperliquid reports the result as one number and doesn’t split it by cause, so the tracker doesn’t either.

Everything destroyed from genesis through 30 September 2026 is one opening balance of 1,104,483.93233325 HYPE, read at 00:00 UTC on 1 October 2026. Since then the tracker reads the supply about every five minutes. Each UTC day adds the change from the first reading after 00:00 UTC to the first reading after the next midnight.

A reading is one request to the official HyperEVM RPC. It calls three of Hyperliquid’s read precompiles, the built-in functions that let HyperEVM read HyperCore, for HYPE (HyperCore token 150): tokenInfo, tokenSupply and spotBalance. Every read in the request has to see the same HyperCore block, or the request is repeated. A reading is rejected unless the token is HYPE with 8 decimals, maxSupply is exactly 1,000,000,000, and circulating supply + non-circulating balances + future emissions add up to totalSupply exactly. The two readings that bound a day are stored with that day’s figure, along with their HyperCore blocks.

HyperCore null-address burns

HYPE sent to HyperCore’s zero address (0x0000…0000) or dead address (0x0000…dEaD) can never move again. No one holds a key for either address, and Hyperliquid itself lists both balances as non-circulating.

From HYPE’s genesis to 00:00 UTC on 1 October 2026, every transfer into either address is its own record. The transfers come from Hyperliquid’s official ledger for the two addresses and are kept with the release. They add up exactly to the balances read at 00:00 UTC on 1 October 2026, with one exception: a 0.001 HYPE transfer to the dead address on 30 November 2024. It was smaller than one HYPE lot (0.01), so the daily spot dusting removed it, and it is not counted.

From 1 October 2026, each UTC day adds the change in the two addresses’ HYPE balances, measured the same way as the HyperCore protocol burns. If a balance falls or carries a hold, the tracker stops instead of counting it.

HyperEVM gas burns

HyperEVM burns the full gas charge of every transaction: the base fee and any priority fee. For every finalized block, the tracker adds up gasUsed × effectiveGasPrice from the receipts of its transactions.

The blocks and receipts come from Hyperliquid’s official S3 archive, a requester-pays bucket that serves as both the history and the live feed. Each sync covers a limited run of consecutive blocks. It verifies one object and its ETag for every block, recomputes the exact fee total from the receipts, and saves the burn records, daily totals, checkpoint and last-checked time in a single step.

Every 10 minutes the tracker also checks the official RPC. If the archive sync has fallen behind, it reads the missing blocks from RPC receipts: the official RPC for short gaps, Stakely’s public archive RPC for longer ones. Beyond 2,500 blocks it stops and waits for the official archive to recover.

What the record covers

Two of the four mechanisms have no day-by-day history for their first months. For that period the tracker holds one opening balance instead.

Assistance Fund buybacksTrade by trade from 22 Mar 2025

HyperCore protocol burnsDay by day from 1 Oct 2026

HyperCore null-address burnsEvery transfer since genesis

HyperEVM gas burnsEvery block from 18 Feb 2025

29 Nov 20242026Today

Counted record by record or day by day One opening balance: in the all-time total, not in daily figures

• Assistance Fund buybacks are recorded trade by trade from 22 March 2025. Earlier purchases are the opening balance described above.
• HyperCore protocol burns are counted day by day from 1 October 2026. Everything before is one opening balance, because no source records those burns by day. Hyperliquid’s raw archive holds spot fees, priority fees and auction gas, but not the ALO order-priority fees charged when orders are placed, and those were about a quarter of HyperCore burns in a block-by-block check on 30 September 2026.
• HyperCore null-address burns are complete from HYPE’s genesis.
• HyperEVM gas burns start at block 1 on 18 February 2025.

HyperCore burns before 1 October 2026 are in the all-time total, but not in the 1-day to 1-year figures.

That is how every opening balance works: it counts in the all-time total and in burned supply, but not in dated ranges, charts or pace. HyperCore amounts for the current UTC day are added when the day closes.

Why no HYPE is counted twice

The protocol-burn figure is the amount by which HyperCore’s totalSupply has fallen below 1,000,000,000 HYPE. The HYPE held by the Assistance Fund and by the zero and dead addresses is still part of totalSupply, so it can’t be inside that figure as well.

HyperEVM gas never reduces totalSupply either. The bridge address 0x2222…2222 holds a constant 1,000,000,011.358 HYPE across HyperCore and HyperEVM combined (to within 0.000001 HYPE of rounding), however much gas HyperEVM burns.

What is not counted

• HYPE sent to the HyperEVM zero address. Priority fees land there and are already counted as gas, and user transfers can’t be told apart from them without a full transfer scan.
• The 2.99 HYPE at the HyperEVM dead address.
• Staked, locked, bridged or treasury HYPE.

How the figures on this page are calculated

Every tracker works out its figures the same way. Days are UTC calendar days.