HOPR

HOPR Price

About HOPR (HOPR)

HOPR is a decentralized privacy network that provides transport-level metadata protection through an incentivized mixnet architecture.

• The protocol obscures metadata such as IP addresses, making it difficult for third parties to track data origins, destinations, or content.
• Users are incentivized to support the network by running nodes and relaying data through a unique cryptographic mechanism.
• The network utilizes a custom Layer 2 scaling solution to enable efficient settlement for node operators without excessive network costs.

What Is HOPR

HOPR is a protocol within the privacy coins and DePIN sectors designed to solve the issue of metadata exposure in digital communications. While standard encryption protects the content of a message, metadata—such as the sender's identity, the receiver's location, and the timing of the transfer—remains visible on traditional networks. HOPR addresses this by providing a decentralized, incentivized mixnet, a network architecture that shuffles data packets to mask communication patterns.

Value in the system moves through a network of relay nodes. When data is sent, it is broken into packets and routed through multiple hops, with each node only knowing the previous and next step in the chain. The HOPR token is put to work as a utility asset: node operators must stake tokens to participate in the network and earn rewards for relaying data. This system is designed to scale as the ecosystem grows, with increased node participation improving both the privacy and the capacity of the network. A decentralized autonomous organization (DAO), a system for community-led governance, manages the protocol's development, allowing token holders to vote on key parameters and strategic priorities.

What Makes HOPR Unique

• Proof of Relay: This mechanism provides cryptographic proof that a node has successfully relayed a data packet, ensuring that incentives are only distributed for verified work.
• Incentivized Mixnet: Unlike many privacy networks that rely on volunteers, HOPR builds economic incentives directly into the transport layer to encourage node stability and growth.
• Probabilistic Payment Channels: This technical approach allows for high-frequency, low-value payments between nodes, reducing the frequency of on-chain transactions and associated costs.
• Metadata Privacy: The protocol focuses specifically on the transport layer, protecting users from surveillance even when they are using other decentralized applications or services.

What Can You Use HOPR for?

• Metadata Protection: Securing sensitive data transfers in sectors like medtech, where privacy is a legal and ethical requirement.
• DeFi Privacy: Preventing the exposure of IP addresses and other metadata when interacting with decentralized finance protocols.
• Node Incentives: Earning rewards by providing privacy-preserving relay services to the global network.
• Governance: Participating in the HOPR DAO to propose and vote on changes to the protocol's technical and economic structure.

How Does HOPR Work?

The core of the network is a mixnet that shuffles data packets to mask communication patterns. When a user sends data, it travels through several relay nodes. Each node adds a layer of encryption and delay, making it nearly impossible for an observer to link the original sender with the final recipient.

To ensure nodes perform their role, the protocol uses a Proof of Relay mechanism. When a node relays a packet, it receives a cryptographic ticket. These tickets are part of a probabilistic payment system; while not every ticket has value, a predictable percentage can be redeemed for HOPR tokens. This method functions as a Layer 2 scaling solution, often deployed on the Gnosis Chain, allowing for decentralized settlement with minimal protocol service fees. The system also includes cover traffic, which consists of dummy data packets sent through the network to further obscure real communication patterns and provide additional rewards to node operators.

Team Info and Investors

The protocol is developed by the HOPR Association, a non-profit organization based in Switzerland. The project was co-founded by Sebastian Bürgel, who previously co-founded Validity Labs and has extensive experience in blockchain engineering. The project has documented backing from several major industry investors, including Binance Labs (via YZi Labs), Focus Labs, and Spark Digital Capital. Governance is transitioned to the community through the HOPR DAO, which oversees the protocol's treasury and strategic direction.

Where can you buy HOPR?

HOPR tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade HOPR is Uniswap V3 (Ethereum), where the most active trading pair HOPR/DAI has a trading volume of $8,714.85 in the last 24 hours. Other popular options include Uniswap V2 (Ethereum) and Coinbase Exchange.

What is the daily trading volume of HOPR (HOPR)?

The trading volume of HOPR (HOPR) is $114,693.86 in the last 24 hours, representing a -80.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for HOPR (HOPR)?

HOPR (HOPR) reached an all-time high of $0.9515 and an all-time low of $0.01373. It’s now trading -98.50% below that peak and 1.20% above its lowest price.

What is the market cap of HOPR (HOPR)?

Market capitalization of HOPR (HOPR) is $9,200,265 and is ranked #1119 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HOPR tokens (670 Million tokens are tradable on the market today).

What is the fully diluted valuation of HOPR (HOPR)?

The fully diluted valuation (FDV) of HOPR (HOPR) is $9,520,185. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion HOPR tokens are in circulation today. Depending on how the emission schedule of HOPR tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of HOPR compare against its peers?

With a price decline of -15.20% in the last 7 days, HOPR (HOPR) is underperforming the global cryptocurrency market which is up 0.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add HOPR (HOPR) to MetaMask?

Adding HOPR (HOPR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import HOPR as a token. You can copy HOPR’s contract address (0xf5581dfefd8fb0e4aec526be659cfab1f8c781da) and import it manually, or if you've installed MetaMask's chrome extension, add HOPR to MetaMask with one click on CoinGecko.

Add HOPR to MetaMask.