{"version":"dsi-v1","pipelineVersion":"supply-pipeline-v1","status":"partial-refresh","asOf":"2026-10-01T11:04:04.948Z","calculatedAt":"2026-10-01T11:04:04.948Z","source":"Beneat research synthesis","warning":"Research only. Unlock projections use primary-source schedules; opaque and governance-dependent releases are not estimated. Source changes are flagged for review before schedule assumptions change.","summary":{"leaderTicker":"CAKE","shrinkingCount":5,"verifiedCount":11,"tokenCount":25,"nextEvent":{"date":"2026-10-05T00:00:00.000Z","window":"Oct 2026","label":"Core and investor vesting · 1.1% of reference supply","type":"unlock","ticker":"ENA"}},"row":{"ticker":"HYPE","project":"Hyperliquid","marketCapM":19924.387848,"asOf":"2026-10-01","dataTier":2,"mechanismLabel":"Assistance Fund buy-and-burn","fundingLabel":"Protocol trading fees","destinationLabel":"Permanently removed from supply","programTerms":"The Assistance Fund converts trading fees to HYPE automatically. Hyperliquid now classifies its HYPE balance as burned, so the live model annualizes verified fund purchases against effective supply.","netSupply12mPct":-0.92,"netSupplyLabel":"−0.9% provisional","netSupplySignal":"shrinking","supplyEstimate":{"status":"provisional","method":"live-protocol-model","asOf":"2026-10-01T11:04:04.948Z","observationCount":10339,"windowDays":20.16,"netSupply12mPct":-0.92,"low12mPct":-1.16,"high12mPct":-0.69,"excludedJumpCount":0,"note":"Annualizes 10,339 official Assistance Fund HYPE purchases over 20 available days. Direct spot-fee burns are excluded, so this is a conservative burn estimate."},"circulatingPct":22.244571407414135,"circulatingLabel":"22.2%","unlock12mPct":null,"unlock12mLabel":"Not disclosed","unlockBand":"unknown","scheduleStatus":"opaque","scheduledRelease12m":0,"circulatingSupply":222445714.07414135,"referenceSupply":1000000000,"vestingStage":1,"vestingEnd":"Not fully disclosed","vestingDetail":"Future-emission allocations remain large and do not have a complete public dated release curve.","destination":"burn","fundingKind":"fee-recurring","status":"active","automation":"automatic","execution":"proven","catalyst":null,"risk":"The total-supply burn is measured, but future token releases can still create material float expansion.","nextEvent":null,"evidence":[{"label":"CoinGecko · Market and circulating-supply snapshot","asOf":"2026-10-01","url":"https://www.coingecko.com/"},{"label":"Hyperliquid · Assistance Fund fee conversion and HYPE burn","asOf":"2026-09-01","url":"https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees"}],"allocationRecords":[{"id":"hype-hype-1","ticker":"HYPE","category":"Future emissions","recipient":"Allocation-defined recipients","status":"opaque","scheduleKind":"opaque","amount":null,"allocationPct":null,"startDate":null,"endDate":null,"nextReleaseDate":null,"sourceId":"hype","note":"Future-emission allocations are reported, but no complete dated release curve is published."}],"calendarEvents":[],"coverage":{"ticker":"HYPE","scheduleStatus":"opaque","normalizedAllocationCount":1,"calculableEventCount":0,"sourceCount":1,"sourcesCheckedAt":"2026-10-01T11:04:04.948Z","marketObservedAt":"2026-10-01T11:01:20.000Z","calculatedAt":"2026-10-01T11:04:04.948Z","pendingSourceReview":false},"reconciliation":{"ticker":"HYPE","status":"matched","previousObservedAt":"2026-09-30T10:33:30.000Z","currentObservedAt":"2026-10-01T11:01:20.000Z","expectedScheduledRelease":0,"observedCirculatingDelta":0,"variance":0,"tolerance":556114.2851853535,"onchainConfirmed":true,"note":"Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation."},"marketObservation":{"ticker":"HYPE","providerId":"hyperliquid","observedAt":"2026-10-01T11:01:20.000Z","circulatingSupply":222445714.07414135,"totalSupply":955307079.4341414,"maxSupply":1000000000,"marketCapUsd":19924387848,"providerUrl":"https://www.coingecko.com/en/coins/hyperliquid"},"onchainObservation":null,"sourceFreshness":[{"sourceId":"hype","ticker":"HYPE","url":"https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees","checkedAt":"2026-10-01T11:04:04.948Z","status":"ok","httpStatus":200,"etag":"W/\"6eaa6441cf47192b418fafda9215db42\"","lastModified":null,"contentHash":"a687ae86e6edd6667d013d2eb4900592d75b82b94c1f5356684db061b46b8b17","changed":false,"requiresReview":false,"error":null}],"verdict":"shrinking","scores":{"supply":74,"float":62,"durability":96,"execution":95,"structural":79,"confidence":60},"rank":7,"page":"https://beneat.ai/screener/deflationary/hype"},"calendar":{"upcoming":[],"historical":[]}}