Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Hyperliquid users to score new tokens as HyperEVM mainnet launch approaches

Hyperliquid users to score new tokens as HyperEVM mainnet launch approaches

CryptopolitanCryptopolitan2024/10/15 01:30
By:By Nellius Irene

Share link:In this post: Hyperliquid has revealed its plans to launch another native token, HYPER. The exchange will also launch its HyperEVM main net soon after, with the token’s help. The Hyper Foundation believes HyperEVM will enhance liquidity access.

Hyperliquid, a decentralized exchange for perpetual derivative trading, will unveil its new HYPE tokens before its HyperEVM main net launch. The Hyper Foundation announced today on X, on a possible airdrop stating that eligible users can opt to receive HYPE tokens and a Hypurr NFT in the first distribution.

Hyperliquid will launch the HYPE token

Hyperliquid will launch its new native HYPE token even as users anticipate the HyperEVM main net release. According to the Hyper Foundation, the new token will be critical for the Hyper BFT proof of stake consensus and for the development of HyperEVM. 

The foundation also announced that users could receive the new HYPE tokens and acquire a Hypurr NFT in its planned airdrop. It remarked :

As part of the Genesis distribution, eligible users can choose to receive HYPE and optionally a Hypurr NFT to commemorate the upcoming launch of the HyperEVM on main net.

=Hyper Foundation

It even asked users to ensure they accept all the Genesis event conditions on their website by the end of November 11 2024, to stand a chance to acquire any new tokens.

Moreover, Hyperliquid’s daily transaction volumes have even crossed $1 billion, pointing to the news on the forthcoming token distribution.

HyperEVM will give access to the exchange’s liquidity

The Hyper Foundation, in its post, also praised Hyperliquid’s order books, stating they offer the “deepest and most robust” liquidity for a broad range of assets. 

See also China faces deflation threats as it stalls on stimulus

The Foundation also believes that HyperEVM, once launched, will make the platform’s liquidity and other native financial primitives more accessible. It even believes HyperEVM will make finance “performant” and ”accessible”.

The exchange already trades perpetual derivatives by pooling liquidity from various sources and offers several other native tokens on its Layer 1 application-specific blockchain. By April 16th, Hyperliquid even started spot trading of L1 main net’s first HIP-1, making its native token PURR available for use. At the time, Hyperliquid also said that about 50% of PURR’s total cumulative amounts would be airdropped to point holders. The exchange also dedicated the rest to PURR/USDC’s liquidity pool.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

With $18M Raised, Qubetics Joins Aptos’ Scalability and Toncoin’s Privacy as Top Cryptos to Join for 2025

Explore the latest developments and potential of Qubetics, Aptos, and Toncoin for 2025. Learn why these top cryptos are poised to dominate the market.Qubetics: Redefining Web3 with True Blockchain IntegrationAptos (APT) Sees 3.51% Increase, Market Cap Reaches $2.97 BillionToncoin (TON) Price Rises 1.96%, Market Cap Reaches $7.44 BillionConclusion: Why Qubetics, Aptos, and Toncoin Are the Top Cryptos to Join for 2025

Coinomedia2025/06/17 05:00
With $18M Raised, Qubetics Joins Aptos’ Scalability and Toncoin’s Privacy as Top Cryptos to Join for 2025

Ethereum’s ETH Primed for Massive Breakout 📈

With >81% potential to $4,811 and an upside to $8,557, Ethereum shows strong consolidation signals—could ETH soar next?First Target: $4,811.71Extended Rally to $8,557.68Summary

Coinomedia2025/06/17 05:00
Ethereum’s ETH Primed for Massive Breakout 📈

France Eyes Bitcoin Mining to Harness Nuclear Energy Surplus

France exploring Bitcoin mining to convert €80M in wasted nuclear energy into grid assets and innovation. Learn more here.Stabilizing the Grid with Smart Crypto DemandDriving Innovation and Economic Growth

Coinomedia2025/06/17 05:00
France Eyes Bitcoin Mining to Harness Nuclear Energy Surplus