TL;DR
- The Hyper Foundation has announced the issuance of a new native token called HYPE, anticipating the launch of its EVM on the mainnet, with no specific date for the airdrop.
- The HYPE token will be essential for the consensus and future developments.
- The platform has achieved an average daily transaction volume exceeding $1 billion, driven by a rewards campaign.
The newly formed Hyper Foundation has announced the issuance of a new native token called HYPE, anticipating the launch of its EVM on the mainnet. Although no date has been specified for the airdrop, the foundation has indicated that eligible users will be able to receive the token and, optionally, a Hypurr NFT to commemorate the event.
The HYPE token will be an essential element for the functioning of the proof-of-stake consensus known as HyperBFT, as well as for the EVM and for future developments outlined in the project’s roadmap. The foundation has emphasized that this step is crucial for consolidating its ecosystem.
The Hyper Foundation has been established to support the growth of the Hyperliquid blockchain and ecosystem. Today, the flagship application on Hyperliquid is the premier decentralised exchange, part of the foundation for a new financial system. Hyperliquid's order books already… pic.twitter.com/EF6AdfI1Qz
— Hyper Foundation (@HyperFND) October 14, 2024
In recent months, Hyperliquid has reached an average daily transaction volume exceeding $1 billion, allowing it to position itself above other decentralized derivative platforms. This increase in activity can be attributed, in part, to a rewards campaign aimed at encouraging users to participate more actively on the platform. This campaign is not only intended to reward current users but also to establish a solid foundation for the airdrop of the new token.
The Hyper Foundation Promises to Continue Innovating and Strengthening
Hyperliquid is a decentralized platform that allows users to trade perpetual derivatives and conduct cryptocurrency transactions with leverage, while aggregating liquidity from multiple sources. The platform operates as a Layer 1 app chain, utilizing native tokens like Purr and Points.
As the launch of EVm approaches, interest in the HYPE token and the Hyperliquid platform will continue to grow. The foundation is committed to providing more details about the airdrop in the future, which will certainly keep the attention of investors and users, given that the protocol is at a critical moment that could define its trajectory and impact on the crypto industry
