What is HEX (HEX)?

HEX is a blockchain-based certificate of deposit created by Richard Heart on 2 December 2019. Holders lock HEX for fixed periods ranging from 1 day to 5,555 days and mint their own yield, with longer and larger stakes earning proportionally higher returns. Annual inflation is capped at 3.69 percent and is paid only to stakers, discouraging short-term trading and rewarding committed participants. The code is open source, immutable and trustless; once a stake is made, only the staker can end it, and early withdrawals incur built-in penalties that flow to compliant stakers.

Originally issued as an ERC-20 token on Ethereum, HEX was copied one-for-one onto PulseChain during the fork of 13 May 2023. The Ethereum version is commonly called eHEX, while the PulseChain copy is referred to as pHEX or simply HEX, depending on context. Both tokens share the same staking logic and inflation schedule, but they live on separate chains with different fee structures and liquidity profiles; Ethereum offers deeper exchange integration but higher gas costs, whereas PulseChain provides faster blocks and sub-cent transaction fees, making smaller and more frequent stakes economical.

Community opinion is split on which chain will dominate. Supporters of eHEX point to Ethereum’s security and established on-ramps, arguing that large, long-term stakes remain safest there. Advocates of pHEX highlight PulseChain’s low fees and Heart’s active development focus, contending that a faster, cheaper environment will attract new capital and spur adoption. Many long-time “Hexicans” hold and stake both variants as a hedge while the market decides the ultimate balance.

HEX’s supply dynamics are shaped by the Origin Address, which received the lion’s share of tokens at launch and has consistently restaked its holdings rather than selling them. Critics see this concentration as a risk, while supporters argue it removes coins from circulation and aligns the Origin Address with long-term price growth. To date, no eHEX or pHEX has ever been sold by the Origin Address. Whatever one’s view, the contract’s immutable code keeps inflation, penalties and reward distribution transparent and predictable across both chains.

The contract address is 0x2b591e99afe9f32eaa6214f7b7629768c40eeb39 and was launched 5Y 7M ago.

How Many HEX (HEX) Coins Are There in Circulation?

HEX (HEX) has a total supply of 41.23B tokens and a market cap of $246.39M USD. While the circulating supply is not publicly confirmed, 369.16K wallet addresses currently hold HEX.

Where Can You Buy HEX (HEX)?

You can buy HEX on PulseSwap.io, the leading aggregator of aggregators on PulseChain. PulseSwap automatically scans all major DEXs to find you the best available price—with 0% swap fees.

To trade HEX, you'll first need PulseChain's native token, PLS. Visit our guide to the Best Places to Buy PulseChain using fiat or crypto to get started.

HEX Price and Market Stats

The live price of HEX today is $0.006 USD. The 24-hours trading volume is $367.21K USD. The price has decreased by 1.00% in the last hour, decreased 4.06% in the last 24 hours, and increased 14.31% in the last 7 days. The liquidity pool is valued at $1.27M USD, and the market cap is $246.39M USD. The total supply is 41.23B tokens, with 369.16K unique holders.