Zephyr Protocol

Network Emission

Emission & Reserve Funding

Compare Zephyr's circulating supply with Bitcoin and Monero, combining live scanner history with scheduled projections.

Emission Curve

Daily circulating supply across ZEPH, projected supply, Bitcoin, and Monero—aligned to Zephyr's launch and normalised into daily buckets.

Emission Curve

ZEPH supply · actual & projection

Cursor SnapshotCurrent vs historic emission detailsIndicator points stay visible; hover the chart to compare them with any past moment.

ZEPH

Block time · 120s (2 min)

CurrentNov 1, 2026 · Year 4, Month 7

Supply

10,855,151 ZEPH

Reward

7.250 ZEPH

Miners65.0%4.712 ZEPHReserve30.0%2.175 ZEPHYield5.0%0.3625 ZEPH

Inflation

Monthly1.46%

158,772 ZEPH

Annual17.55%

1,905,264 ZEPH

At CursorNov 1, 2026 · Year 4, Month 7

Supply

10,855,151 ZEPH

Δ 0.0000 ZEPH

Reward

7.250 ZEPH

Δ 0.0000 ZEPH

Miners65.0%4.712 ZEPHReserve30.0%2.175 ZEPHYield5.0%0.3625 ZEPH

Inflation

Monthly1.46%

158,772 ZEPH

0.00%

Annual17.55%

1,905,264 ZEPH

0.00%

Current · Nov 1, 2026 · Year 4, Month 7At cursor · Nov 1, 2026 · Year 4, Month 7

BTC

Block time · 600s (10 min)

MetricCurrentAt cursor

Supply19,965,000 BTC8,971,200 BTC-10,993,800 BTCReward3.125 BTC50.000 BTC+46.88 BTCInflation0.82%29.20%+28.38%

Supply

Current19,965,000 BTC

At cursor8,971,200 BTC-10,993,800 BTC

Reward

Current3.125 BTC

At cursor50.000 BTC+46.88 BTC

Inflation

Current0.82%

At cursor29.20%+28.38%

Current · Nov 1, 2026 · Year 18, Month 11At cursor · Jun 7, 2012 · Year 4, Month 6

XMR

Block time · 120s (2 min)

MetricCurrentAt cursor

Supply19,323,975 XMR17,649,686 XMR-1,674,289 XMRReward0.6000 XMRTail2.294 XMR+1.69 XMRInflation0.81%3.38%+2.57%

Supply

Current19,323,975 XMR

At cursor17,649,686 XMR-1,674,289 XMR

Reward

Current0.6000 XMRTail

At cursor2.294 XMR+1.69 XMR

Inflation

Current0.81%

At cursor3.38%+2.57%

Current · Nov 14, 2026 · Year 13, Month 8At cursor · Sep 20, 2017 · Year 4, Month 6

Block Reward Allocation

Cumulative distribution of each block's rewards across miners, reserve accrual, yield minting, and the legacy governance slice.

Block Reward Allocation

v1HF v2

Miners (ZEPH)Reserve (ZEPH)Yield minted (ZSD)Governance (legacy)

HF v2.0.0 (Current)

Active split since HF6: 65% miners, 30% reserve, 5% yield minted as ZEPH then converted into ZSD liabilities.

Miners65.0%
Reserve30.0%
Yield5.0%

Current ZEPH in circulation10,855,151 ZEPHLatest scanner update: Nov 1, 2026

Reserves funded so far2,868,038 ZEPH24.3% of minted ZEPH • Direct: 22.0% · Yield: 2.2%

Yield reserve minted213,044 ZSD264,663 ZEPH redirected into reserve and auto-converted into ZSD liabilities

Outlook to 205120,195,778 ZEPH+9,340,627 ZEPH minted • +3,269,219 ZEPH to reserve • Yield reserve liabilities depend on future conversion prices

Block Reward Split

Hardfork v6 allocates 65% of each block to miners, 30% directly to the reserve, and 5% to mint ZSD for yield participants. Earlier releases routed 5% to governance and reduced the reserve share.

Miners

8,626,346 ZEPH73.0%

Reserve (ZEPH)

2,868,038 ZEPHDirect: 2,603,374 ZEPH (22.0%) · Yield: 264,663 ZEPH (2.2%)24.3%

Yield allocation

264,663 ZEPHAuto-minted into 213,044 ZSD liabilities (matched by ZEPH in reserve)2.2%

Governance (legacy)

326,375 ZEPH2.8%

Blocks before v1.0.0 paid 95% to miners and 5% to governance. v1.0.0 introduced a 20% reserve share, and v2.0.0 (HF6 @ block 360,000) transitions to the current 65/30/5 split with governance retired.

Forward Look

Between now and 2051, the emission schedule mints roughly 9,340,627 additional ZEPH, with about 3,269,219 ZEPH augmenting reserves. ZSD liabilities from the yield share will depend on the conversion price at mint time before tail emission steadies the curve.

Bitcoin and Monero trajectories are derived from public emission schedules and rounded to monthly datapoints for comparison.

Emission Curve