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.
Ask about Helium NetworkKey Metrics
Fees (Annualized)$3.33m
Fees 30d$0
Solana$0
Fees 7d$0
Solana$0
Fees 24h$0
Solana$0
Cumulative Fees$2.3m
Solana$2.3m
Revenue (Annualized)$3.33m
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)$3.33m
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$9.47m
Incentives 30d$147,169
Incentives 7d$23,582
Incentives 24h$6,846
Cumulative Incentives$751.73m
Earnings (Annualized)-$6.14m
Earnings 30d-$147,169
Earnings 7d-$23,582
Earnings 24h-$6,846
Cumulative Earnings-$749.44m
Market Cap$46.83m
$HNT Price$0.26
All Time High$54.88
All Time Low$0.11
Fully Diluted Valuation$46.83m
Outstanding FDV$56.97m
$HNT Volume 24h$3.61m
CEX Volume$2.02m
DEX Volume$1.96m(54.21% of total)
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
