2024-10-15
Hyperliquid is an advanced blockchain
platform designed to enhance decentralized finance (DeFi) by offering
high-performance infrastructure tailored for complex financial applications.
Hyperliquid operates as a layer-1 blockchain,
it provides scalability and efficiency.
A standout feature of Hyperliquid is
its fully on-chain order book, which ensures transparency and enables instant
finality for transactions, typically within less than a second.
This rapid processing capability allows
for a seamless trading experience comparable to that of centralized exchanges,
but with the added benefits of decentralization.
Recently, Hyperliquid announced the
establishment of the Hyper Foundation, aimed at supporting the development of
the Hyperliquid blockchain and its ecosystem.
This foundation is preparing for the
genesis distribution of Hyperliquid's native token, HYPE, which is essential
for the platform's proof-of-stake consensus mechanism and the upcoming launch
of its Ethereum Virtual Machine (EVM) on the mainnet.
By combining features such as deep
liquidity, low fees, and advanced order types, Hyperliquid is poised to become
a cornerstone of the new DeFi platform, offering developers and users a robust
platform for building and engaging with sophisticated DeFi applications.
The newly established Hyper Foundation
has announced plans to issue a native token, HYPE, in anticipation of the
upcoming launch of its HyperEVM on the mainnet.
While the date of the token airdrop has
not been confirmed, details were shared by the foundation in a post on X on
October 14, 2024.
The Hyper Foundation was formed to
foster the growth of the Hyperliquid blockchain and its ecosystem, which
currently supports Hyperliquid, a leading decentralized exchange. Known for
providing deep on-chain liquidity across a wide range of assets.
The launch of the HyperEVM will enable
any application built on the Hyperliquid network to tap into this liquidity and
other financial primitives.
HYPE will be a crucial element in the
continued development of the Hyperliquid ecosystem. The token will play a
central role in the HyperBFT proof-of-stake consensus mechanism, powering the
HyperEVM.
As part of the genesis token
distribution, eligible users will have the opportunity to claim HYPE tokens and
an optional Hypurr NFT, commemorating the HyperEVM launch.
Users interested in participating must
accept the Genesis Event Terms on the foundation’s official website before
November 11, 2024, 23:59 UTC. The exact timing of the HYPE airdrop will be
announced later.
In recent months, Hyperliquid has seen
a surge in activity, with average daily transaction volumes surpassing $1
billion, outperforming other decentralized derivatives platforms. The increased
volume is believed to be linked to a points reward campaign that will help
determine HYPE’s distribution.
