Hyperliquid, a decentralized finance protocol, has announced the launch of its native token, HYPE, set for November 29 at 07:30 UTC. The token will have a total supply of 1 billion, with 31% allocated to eligible users. Future emissions and community rewards will receive 38.8%, while 23.8% is reserved for current and future core contributors. The Hyper Foundation will utilize 6% for operational purposes. Notably, no tokens are allocated for private investors or centralized exchanges. This launch coincides with Hyperliquid's total value locked surpassing $1.2 billion, marking a significant milestone for the platform.