About this Chart

This chart shows multiple views of HNT supply, including the theoretical maximum supply defined by the issuance schedule, the total amount of HNT issued to date, circulating supply, and a burn-adjusted realized maximum supply.

Slower block times on the legacy Helium L1 in the first year resulted in approximately 17M fewer HNT emitted than the theoretical schedule.

The burn-adjusted realized maximum supply is a derived metric that reflects cumulative HNT permanently removed from supply, defined as HNT burned in excess of the amount re-emitted through the capped Net Emissions mechanism.

Burn-adjusted realized maximum supply is calculated using post–Solana migration data only; permanently burned HNT prior to the migration is excluded, so the true value is lower than shown.