HashKey Platform Token

HSK is the native platform token of the HashKey ecosystem, built on the ERC-20 standard and operating within the Ethereum ecosystem. It is designed to reward and coordinate contributors across HashKey's internal operations and its broader external ecosystem, aiming to align the interests of participants through a shared token. The intended audience is anyone interacting with HashKey's exchange and related services who wants a stake in the governance and incentive structure of the platform.

HSK is an ERC-20 token that lives on Ethereum and is also tied to HashKey Chain as its fundamental basis. Within the HashKey ecosystem it serves governance functions, meaning token holders can participate in decisions about the platform's direction. The token does not operate under its own consensus algorithm; it relies on Ethereum's underlying infrastructure for settlement and security.

The protocol recorded fees of 21.00 USD over the most recent 24-hour period, 132.85 USD over the trailing 7 days, and 248.66 USD over the trailing 30 days, with trailing 12-month fees of 529.95 USD. Annualizing from the trailing 30 days produces a fee figure of 3,025.36 USD, which places the ratio of market capitalization to annualized fees at 12,289.93 and the fully diluted valuation to annualized fees at 35,627.12 — both very high figures reflecting how small the current fee stream is relative to the token's market value. Total value locked attributable to the protocol stands at 1,648.65 USD at this point in time, giving a market-cap-to-TVL ratio of 22,552.70. The fee yield, expressed as annualized fees as a percentage of market capitalization, is 0.008137 percent.