Token

Hyper

Billion

Hyperliquid

<a href="https://thecoinrise.com/dex-futures-trading-loses-momentum-falls-to-3-26-as-cex-dominate/" rel="noopener noreferrer nofollow">Decentralized finance platform Hyperliquid</a> has set a new standard for airdrops with its groundbreaking genesis event on November 29. The project distributed a massive 310 million HYPE tokens to its community, valuing the giveaway at $1.2 billion based on an initial token price of $3.90, as reported by CoinGecko.
The excitement surrounding HYPE skyrocketed soon after the launch. Within 12 hours, the token’s value surged by 63%, reaching $6.16 and propelling its market capitalization near the $2 billion threshold. The buzz reflects growing confidence in Hyperliquid’s ecosystem, built on a high-performance, proof-of-stake layer-1 blockchain designed to process up to 200,000 transactions per second.
<h2 id="span-style-font-weight-400-tokenomics-and-strategic-allocation-span">Tokenomics and Strategic Allocation</h2>
The genesis event <a href="https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f" rel="noopener noreferrer nofollow">distributed</a> 31% of Hyperliquid’s one billion HYPE tokens, with the remaining supply allocated for sustained growth and ecosystem development. Approximately 38.8% is reserved for future emissions and community rewards, while 6% is designated for the Hyper Foundation treasury and 0.3% for grants.
Notably, core contributors will receive 23.8% of the total supply, locked for one year with vesting schedules extending to 2028. Hyperliquid’s decision to exclude private investors, centralized exchanges, and market makers from token allocations underscores its commitment to community-focused decentralization.
HYPE tokens serve as the backbone of the Hyperliquid ecosystem, acting as both the staking asset for its proof-of-stake consensus and the gas token for its Ethereum-compatible HyperEVM layer. This dual functionality positions the token as a critical driver of scalability and efficiency in the DeFi landscape.
<h2 id="span-style-font-weight-400-joining-the-ranks-of-legendary-airdrops-span">Joining the Ranks of Legendary Airdrops</h2>
Hyperliquid’s monumental airdrop secures its place in DeFi history, <a href="https://thecoinrise.com/why-guess-if-uniswap-can-hit-10-traders-are-betting-on-this-hot-new-bullish-defi-token-instead/" rel="noopener noreferrer nofollow">rivaling iconic events like Uniswap’s</a> 2020 distribution. During that airdrop, over 250,000 wallets received 400 UNI tokens each, initially valued at $3.40 per token. Recipients who held onto their tokens saw UNI’s value soar to over $42 during the 2021 DeFi boom.
Another notable airdrop was Arbitrum’s 2023 event, which distributed native tokens to more than 625,000 eligible wallets, with a market value totaling $812,500 at launch.
Airdrops have become a pivotal strategy in the crypto space, rewarding early adopters and amplifying project visibility. According to CoinGecko, more than $26.6 billion worth of tokens have been distributed through such events, showcasing the immense potential of this approach in fostering blockchain adoption.
Hyperliquid’s successful launch and record-breaking airdrop highlight its ambition to become a cornerstone of the DeFi sector, setting the stage for further innovations.
The post <a href="https://thecoinrise.com/hyperliquid-shatters-records-with-1-2-billion-hype-token-airdrop/" rel="noopener noreferrer nofollow">Hyperliquid Shatters Records with $1.2 Billion HYPE Token Airdrop</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Hyperliquid Shatters Records with $1.2 Billion HYPE Token Airdrop

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