Token

Hyper

Hyperliquid

Hyperliquid, a decentralized perpetual exchange, is disrupting traditional crypto launch strategies with a community-first approach. The Hyper Foundation announced the platform’s token generation event, alongside an ambitious 310 million HYPE token airdrop, valued at nearly $1 billion. 
The $HYPE token is live now and currently trading at around $3.93. The token is pumped almost 95% in 2 hours. 
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 Source: <a href="https://x.com/HyperliquidX/status/1862402701705060486" target="_blank" rel="noreferrer noopener nofollow">X</a>
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Hyperliquid has expanded its offerings over the past year, transitioning into a “full financial system” with liquidity levels rivaling top exchanges, the foundation <a href="https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f" target="_blank" rel="noreferrer noopener nofollow">said</a>. In October, the platform set a record with $1.39 billion in daily trading volume, surpassing rivals like Jupiter and SynFutures, according to DeFiLlama. 
Valued at a projected $3 billion, Hyperliquid’s HYPE token will integrate into the platform’s ecosystem, enabling governance, staking, and fee payments, as well as USDC trading pairs on its spot market. 
The HyperBFT blockchain, which underpins Hyperliquid, is optimized for high-speed financial transactions, processing them almost instantly while maintaining robust security. The platform is already ranked as the top decentralized exchange for derivatives, with $1.6 billion in 24-hour trading volume and a cumulative all-time volume of $428 billion. 
In a departure from traditional crypto launches, Hyperliquid allocated no tokens to private investors, centralized exchanges, or market makers. Instead, 31% of tokens are earmarked for the community airdrop, while 24% will support core contributors, 39% will be used for future emissions and community rewards and 6% will fund the Hyper Foundation. 
“No investors. No paid market makers. No fees to any company. Community first,” Hyperliquid boldly declared on its website. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/28/hyperfnd-unveils-hype-token-genesis-1b-tokens-to-be-minted/" target="_blank" rel="noreferrer noopener">HyperFND Unveils HYPE Token Genesis, 1B Tokens to be Minted</a> 
</blockquote>

Hyperliquid Native Token $HYPE Is Now Live

The Crypto Times

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