CBHYPE Tokenomics Unveiled: Market Cap, Supply, and Price Data Revealed

Coinbase Wrapped HYPE (CBHYPE) is a token on the Base network that represents Hyperliquid (HYPE) held by Coinbase. Each CBHYPE token is backed 1:1 by HYPE in Coinbase custody, allowing users to use HYPE in DeFi apps on Base.

The token has a total supply of $7.82K and a circulating supply of $7.82K, with a market capitalization of $666.99K. The fully diluted valuation (FDV) is also $666.99K, indicating the potential value if all tokens were in circulation.

According to the tokenomics data, high circulating supply can result in greater liquidity, while limited max supply and low inflation can lead to long-term price appreciation.