Supply scarcity
Stock To Flow
HEX's inflation mechanics and stock-to-flow ratio — measuring scarcity through programmatic supply dynamics and staking-induced export of inflation.
The stock-to-flow ratio is the inverse of annual inflation rate. Lower inflation means higher stock-to-flow and greater scarcity. HEX's maximum annual inflation is capped at 3.69% on allocated supply, giving a minimum stock-to-flow of ~27.
Because new coins enter circulation only when stakes mature, effective inflation can be much lower than 3.69%. After the Big Pay Day (11/19/20), HEX's non-annualized stock-to-flow has oscillated around the ~27 level.
Stock To Flow
Unsmoothed stock-to-flow over time, with the minimum annualized baseline.
Supply
eHEX and pHEX circulating, staked, and total supply.