HYPE is an experimental ERC20 token deployed on the Ethereum Blockchain. HYPE is a unique token created to experiment the Deflationary (Token Burning) + Inflationary (Freezing Rewards) tokenomic models. HYPE holders determine the Burning + Staking rates each month through an off-chain consensus made by verified holders who have ‘frozen’ HYPE.
Reported Volume calculates volume from all exchanges with market pairs, but due to factors such as wash trading, it is considered an unreliable metric.$211
The Network Value to Transactions (NVT) ratio calculates the dollar value of crypto transaction activity relative to the network value.