Data Credits burned for network usage are excluded from revenue: they are valued at the $0.50/GB peg (HIP-149) while carriers actually pay ~$0.10/GB, and the burned HNT is sourced from centralized-exchange wallets rather than a verifiable open-market buy, making it an inflated usage metric that can't be confirmed on-chain.
Key Metrics
Fees (Annualized)$2.71m
Fees 30d$0
Solana$0
Fees 7d$0
Solana$0
Fees 24h$0
Solana$0
Cumulative Fees$2.3m
Solana$2.3m
Revenue (Annualized)$2.71m
Revenue 30d$0
Solana$0
Revenue 7d$0
Solana$0
Revenue 24h$0
Solana$0
Cumulative Revenue$2.3m
Solana$2.3m
Holders Revenue (Annualized)$2.71m
Holders Revenue 30d$0
Solana$0
Holders Revenue 7d$0
Solana$0
Holders Revenue 24h$0
Solana$0
Cumulative Holders Revenue$2.3m
Solana$2.3m
Incentives 1y$6.26m
$74,045.69
$17,918.26
$2,791.64
$751.89m
Earnings (Annualized)-$3.55m
-$74,045.69
-$17,918.26
-$2,791.64
-$749.59m
Market Cap$38.86m
$HNT Price$0.21
$38.86m
$46.61m
$HNT Volume 24h$8.4m
CEX Volume$5.53m
DEX Volume$2.95m(35.11% of total)
$HNT Liquidity$3.27m
Raydium AMM$2.22m
Orca DEX$1.06m
Total Raised$362m
Dec 10, 2014$16mRound: Series AInvestors: Khosla Ventures, FirstMark Capital, Digital Garage, Marc Benioff, SV Angel, Slow Ventures
Apr 25, 2016$20mRound: Series BInvestors: Google Ventures, Khosla Ventures, FirstMark Capital
Jun 12, 2019$15mRound: Series CInvestors: Multicoin Capital, USV, Khosla Ventures, Google Ventures, FirstMark Capital, Munich Re Ventures
Aug 10, 2021$111mRound: ICOInvestors: 10T Holdings, Alameda Research, a16z, Multicoin Capital, Ribbit Capital
Apr 22, 2022$200mRound: Series DInvestors: Tiger Global Management, a16z, Deutsche Telekom (DTEGY)
Protocol Information
The Helium Network uses community-run Hotspots to power IoT and mobile networks, rewarding operators with HNT tokens for providing coverage and data transfer
Methodology
Fees: HNT that Helium Mobile bought on the open market (via Jupiter DCA) and burned, funded by subscriber revenue. On 2026-01-02 Helium paused these buybacks and redirected the revenue to network growth, so this is 0 from then on - the subscriber revenue still exists but no longer flows through an on-chain buyback we can measure. We do not count the HNT burned to mint Data Credits for network usage: it is priced at the $0.50/GB protocol peg while carriers actually pay ~$0.10/GB (HIP-149), and that HNT comes from Coinbase treasury wallets rather than open-market buys, so it is neither real revenue nor a genuine buy-and-burn.View code on GitHubRevenue: Same as Fees.View code on GitHubHolders Revenue: Same as Fees: the buy-and-burn reduces HNT supply, accruing value to holders.View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Frequently Asked Questions
What chains does Helium Network operate on?
Helium Network operates on Solana.
How much has Helium Network generated in fees and revenue?
Over the past 30 days, Helium Network generated $0 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $2.71m in fees and $2.71m in revenue.
What is the HNT token price and valuation?
HNT is currently trading at $0.21. Its circulating market capitalization is $38.98m, ranking it #700. Its fully diluted valuation is $38.98m. Supply currently stands at 185.45m circulating, 185.45m total supply, 223m maximum supply.
How has HNT performed recently?
HNT is up 24.2% over the past 7 days and up 7.1% over the past 30 days. Its all-time high is $54.88, reached on Nov 12, 2021. The token is currently 99.6% below that level.
