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)$3.55m
Fees 30d$0
Solana$0
Fees 7d$0
Solana$0
Fees 24h$0
Solana$0
Cumulative Fees$2.3m
Solana$2.3m
Revenue (Annualized)$3.55m
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)$3.55m
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$10.39m
Incentives 30d$256,365
Incentives 7d$33,263
Incentives 24h$8,077
Cumulative Incentives$751.68m
Earnings (Annualized)-$6.84m
Earnings 30d-$256,365
Earnings 7d-$33,263
Earnings 24h-$8,077
Cumulative Earnings-$749.38m
Market Cap$54.75m
$HNT Price$0.3
All Time High$54.88
All Time Low$0.11
Fully Diluted Valuation$54.75m
Outstanding FDV$66.48m
$HNT Volume 24h$5.82m
CEX Volume$3.27m
DEX Volume$2.68m(45.95% 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: USD value of HNT that Helium Mobile bought on the open market (via Jupiter DCA) and burned. The buyback program was discontinued on 2026-01-02.View code on GitHubRevenue: Same as fees: the value of HNT bought back and burned.View code on GitHubHolders Revenue: HNT bought on the open market and burned, accruing value to HNT holders through supply reduction.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

