The Hyper Foundation has announced the launch of its native token, HYPE, along with the rollout of its Ethereum Virtual Machine (EVM) on Hyperliquid’s layer-1 blockchain mainnet. This marks a significant step toward establishing a proof-of-stake consensus and enhancing Hyperliquid’s DeFi offerings.
Hyperliquid, the largest decentralized order book-based perpetual trading platform by volume, handles over $1 billion in daily trading across 145 pairs and boasts more than 200,000 users. The platform aims to strengthen its position in the DeFi space by offering deeper liquidity pools and a wider array of financial instruments through the HyperEVM.
The HYPE token will play a central role in the HyperBFT proof-of-stake consensus and the HyperEVM, forming the backbone of future developments on the platform. Hyperliquid’s roadmap includes innovations in spot trading and permissionless liquidity, continuing its streak of market-leading advancements.
In anticipation of the HYPE token’s high demand, the Hyper Foundation is inviting participants to join the Genesis distribution before November 11. The official airdrop date will be revealed on November 29, building excitement within the crypto community.
To commemorate the EVM mainnet launch, users will receive a Hypurr NFT, a digital keepsake marking this pivotal milestone for Hyperliquid. While these NFTs hold no commercial value, they symbolize the platform’s evolution and growing influence in the DeFi sector.