Token

Source

DeFi

Hyperliquid

<p>Hyperliquid made waves in the DeFi world with the launch of its new token, HYPE, on November 29, 2024. Starting at just <strong>$2.01</strong>, the token skyrocketed by over <strong>250%</strong> in a few hours, reaching a peak of <strong>$7.05</strong>. This rapid rise clearly shows how much excitement the community has for this project.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="385" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-123308-1024x385.png" alt="HyperLiquid" class="wp-image-39236" style="width: 100%;height:auto" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-123308-1024x385.png 1024w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-123308-300x113.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-123308-768x289.png 768w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-123308.png 1178w" sizes="(max-width: 1024px) 100vw, 1024px">
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  $HYPE price chart |<strong> <a href="https://app.hyperliquid.xyz/trade">Source : Hyperliquid</a></strong>
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<p>In 24 hours, HYPE’s trading volume exceeded <strong>$658 million</strong>, while its market cap climbed to <strong>$2.24 billion</strong>. A big part of this success comes from their fair distribution strategy. They allocated <strong>31 percent of the total supply</strong>, which is one billion tokens, to the community through an airdrop. </p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="412" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-48-1024x412.png" alt="HyperLiquid" class="wp-image-39237" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-48-1024x412.png 1024w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-48-300x121.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-48-768x309.png 768w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-48.png 1448w" sizes="(max-width: 1024px) 100vw, 1024px">
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  $HYPE Token Data |<strong> <a href="https://coinmarketcap.com/currencies/hyperliquid/">Source : CoinMarketCap</a></strong>
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<p>What really stands out is how HYPE avoided the usual sell-offs after a large airdrop. Instead, demand kept climbing, showing that the community believes in the long-term potential of the Hyperliquid ecosystem.</p> 
<p>So, what makes Hyperliquid different from other projects? Let’s take a closer look at the platform and see why it is becoming such a big name in DeFi.</p> 
<p><strong>You can also read this </strong> <a href="https://pexx.com/chaindebrief/ethereum-co-founder-moves-20000-eth-to-kraken-what-the-next/">Ethereum Co-Founder Moves 20,000 ETH to Kraken, What’s&nbsp;Next?</a></p> 
<h2 class="wp-block-heading" id="h-a-deep-dive-into-hyperliquid-and-its-role-in-defi"><strong>A Deep Dive into Hyperliquid and Its Role in DeFi</strong></h2> 
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 <img loading="lazy" decoding="async" width="1024" height="439" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-132112-1024x439.png" alt="" class="wp-image-39240" style="width: 100%;height:auto" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-132112-1024x439.png 1024w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-132112-300x129.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-132112-768x329.png 768w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-132112-1536x658.png 1536w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-132112.png 1907w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Hyperliquid | <strong><a href="https://app.hyperliquid.xyz/trade/BTC">Source : Hyperliquid</a></strong>
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<p>Hyperliquid makes decentralized finance (DeFi) simple and accessible for everyone, offering tools that suit all experience levels. You trade perpetual contracts by taking long or short positions based on your market insights. Hyperliquid using USDC as margin.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ Welcome to Hyperliquid, your new home to trade perps on DeFi<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"><br> <br>Hyperliquid is an order book based perpetual futures decentralized exchange. The DEX runs on the Hyperliquid chain, an L1 built on Tendermint that enables full transparency, low costs, and impeccable execution. <a href="https://t.co/TXIhOK4Uu1">pic.twitter.com/TXIhOK4Uu1</a></p>— Hyperliquid (@HyperliquidX) <a href="https://twitter.com/HyperliquidX/status/1608552187042627584?ref_src=twsrc%5Etfw">December 29, 2022</a>
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<p>The platform lets you earn passive income through vaults by profiting from strategies like market making and liquidations. You use features like Take Profit, Stop Loss, leverage up to 50x, and TWAP automation to trade securely and seamlessly.</p> 
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   <p lang="en" dir="ltr">Introducing: TWAP orders<br><br>You can now split a large order into smaller suborders that are executed every 30 seconds. <a href="https://t.co/yWk75Uhz1N">pic.twitter.com/yWk75Uhz1N</a></p>— Hyperliquid (@HyperliquidX) <a href="https://twitter.com/HyperliquidX/status/1760325603402654192?ref_src=twsrc%5Etfw">February 21, 2024</a>
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<p>Hyperliquid runs on a high-performance Layer 1 (L1) that powers a fully on-chain financial ecosystem. Hyperliquid can processes every order, trade, and liquidation transparently, with block latency under 1 second. Plus, it can handle up to 100,000 orders per second, keeping everything fast and efficient.</p> 
<p>Hyperliquid delivers cutting-edge technology and innovative tools to transform DeFi. Ready to see what sets Hyperliquid apart? Let’s explore the standout features that elevate your trading experience.</p> 
<h2 class="wp-block-heading" id="h-the-most-notable-feature-of-hyperliquid"><strong>The Most Notable Feature of Hyperliquid</strong></h2> 
<p>Features on Hyperliquid not only make the user experience smoother but also position Hyperliquid as an exciting choice in the DeFi world. Let’s take a look!</p> 
<p>1. <strong>Impressive Transaction Speed</strong><br>Imagine completing transactions at a lightning-fast speed of nearly 200,000 transactions per second! That’s what Hyperliquid brings to the table. With this kind of speed, you never have to worry about transaction delays or inflated fees. </p> 
<p>2. <strong>HyperEVM Compatible with Ethereum</strong></p> 
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   <p lang="en" dir="ltr">The Hyperliquid L1 will support a native EVM.<br><br>The EVM will be augmented to atomically compose with native components on the Hyperliquid L1: HIP-1 assets, spot trading, perp trading, and other defi primitives.<br><br>Today, Hyperliquid already offers massively scalable throughput for… <a href="https://t.co/YphZYf1xvi">pic.twitter.com/YphZYf1xvi</a></p>— Hyperliquid (@HyperliquidX) <a href="https://twitter.com/HyperliquidX/status/1792393508101439800?ref_src=twsrc%5Etfw">May 20, 2024</a>
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<p>For those familiar with Ethereum, the HyperEVM feature will feel like home. Hyperliquid uses Ethereum Virtual Machine (EVM), making it compatible with Ethereum-based applications.</p> 
<p>3. <strong>HYPE Token: Gas and Staking in One</strong></p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HYPE</a>, the native token of the Hyperliquid L1, is live. <a href="https://t.co/1UUU37WXUq">https://t.co/1UUU37WXUq</a> <a href="https://t.co/IYsWcAr53K">pic.twitter.com/IYsWcAr53K</a></p>— Hyperliquid (@HyperliquidX) <a href="https://twitter.com/HyperliquidX/status/1862402701705060486?ref_src=twsrc%5Etfw">November 29, 2024</a>
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<p>The HYPE token on Hyperliquid isn’t just any regular token. It plays a dual role that keeps the network running smoothly. Not only is it used for staking (so you can help secure the network and earn rewards), but it also serves as the gas token to pay for transactions. </p> 
<p>4. <strong>Decentralization and Top-Notch Security</strong><br>Security and decentralization are top priorities on Hyperliquid. With a proof-of-stake consensus mechanism, Hyperliquid relies on the community and stakers to keep transactions secure and the network running smoothly. </p> 
<p>So, these are just a few of the awesome features that set Hyperliquid apart in the DeFi space. All of these features are designed to provide the best possible experience for users while supporting a more efficient and secure blockchain ecosystem. Pretty exciting, right?</p> 
<h2 class="wp-block-heading" id="h-why-hyperliquid-s-growth-has-skyrocketed">Why Hyperliquid’s Growth Has Skyrocketed?</h2> 
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   <p lang="en" dir="ltr">ONE MILLION COLD HARD UNITED STATES DOLLARS FOR 1 HYPERLIQUID AIRDROP<a href="https://twitter.com/chameleon_jeff?ref_src=twsrc%5Etfw">@chameleon_jeff</a>, <a href="https://twitter.com/KingJulianIAm?ref_src=twsrc%5Etfw">@KingJulianIAm</a>, and the rest of the Hyperliquid team changed my life FOREVER:<br><br>Eternal bliss – forever grateful <a href="https://t.co/gdUbCbUput">pic.twitter.com/gdUbCbUput</a></p>— CC2 (@CC2Ventures) <a href="https://twitter.com/CC2Ventures/status/1862480216494387490?ref_src=twsrc%5Etfw">November 29, 2024</a>
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<p>Hyperliquid successfully captured attention through its clever token distribution strategy. Hyperliquid allocated 38.888% of its tokens to the community, with the details provided below. This approach quickly built trust and generated significant interest in the platform.</p> 
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 <img loading="lazy" decoding="async" width="790" height="720" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135406.png" alt="Token Distribution Hyperliquid" class="wp-image-39244" style="width: 100%;height:auto" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135406.png 790w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135406-300x273.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135406-768x700.png 768w" sizes="(max-width: 790px) 100vw, 790px">
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  Token distribution $HYPE | <strong><a href="https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f">Source : Medium</a></strong>
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<p>The platform’s Total Value Locked (TVL) has already surpassed $171 million, with $146 million coming from the Hyperliquidity Provider (HLP) vault offering an APR of 17.53%. This highlights the high level of user engagement and confidence in the ecosystem.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="492" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135422-1024x492.png" alt="TVL Hyperliquid" class="wp-image-39245" style="width: 100%;height:auto" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135422-1024x492.png 1024w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135422-300x144.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135422-768x369.png 768w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/Screenshot-2024-11-30-135422.png 1350w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Total Value Locked Hyperliquid |<strong><a href="https://app.hyperliquid.xyz/vaults"> Source : MHyperliquid</a></strong>
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<p>Hyperliquid also gained traction through airdrops for early users. This approach helped build a loyal community and increased visibility. The combination of high TVL, attractive rewards, and strong community support has propelled Hyperliquid to stand out in the DeFi space.</p> 
<h2 class="wp-block-heading" id="h-can-hyperliquid-become-the-biggest-defi-platform">Can Hyperliquid Become the Biggest DeFi Platform?</h2> 
<p>Given its rapid growth, it’s definitely possible. The platform has gained attention with its smart token distribution strategy and cutting-edge technology. With fast transactions and Layer 1 infrastructure that can handle hundreds of thousands of transactions per second, Hyperliquid leads in speed and efficiency.</p> 
<p>What’s exciting is the strong, growing community. With a rising TVL and innovative trading features, the platform is well-positioned for success in DeFi. If Hyperliquid continues to innovate it could very well become the biggest DeFi platform. We’ll see how it shapes the future of decentralized finance.</p> 
<p><strong>You can also read this</strong> <a href="https://pexx.com/chaindebrief/metaplanet-targets-62-million-to-expand-bitcoin-accumulation/">Metaplanet Targets $62 Million to Expand Bitcoin Accumulation</a></p> 
<p><em>[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]</em></p>

Hyperliquid, the Rising DeFi with $HYPE Token Soaring 260%

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