Hyperliquid has 78% of its supply still to come
CryptoList Research · 8 Oct 2026
Hyperliquid's fully diluted value is 4.3× its market cap. That gap is tokens not yet in circulation.
Hyperliquid (HYPE) has a market cap of A$27.94 billion but a fully diluted value of A$120.00 billion — 4.3 times larger. The gap is supply that exists on paper but has not reached the market: 222,445,714 of 1,000,000,000 tokens are circulating, leaving 78% still to be issued.
Why it is worth knowing: market cap prices the tokens that exist today. Fully diluted value prices every token that will ever exist. When the two are far apart, today’s price is being set by a smaller float than the project’s eventual size — and the schedule for releasing the rest is a published fact you can go and read, not a mystery.
Where an Australian can buy it
Three exchanges we track list it — Swyftx, CoinSpot, Digital Surge, all with a direct AUD pair.
In short
- Market cap A$27.94 billion · fully diluted A$120.00 billion.
- 78% of the total supply has not been issued yet.
- Check any coin’s issuance on its coin page.
How this was made. Every figure above was read from our own database at 8 Oct 2026 and assembled automatically — no part of it is a forecast, and nothing here is financial advice. We explain the method on how we review, the sources on data sources, and the limits on our disclaimer.