TL;DR
Hyperliquid will launch its HYPE token on November 29, with an airdrop of 31% of the total supply, valued at over $1 billion.
HYPE will play a key role in staking and smart contract execution on HyperEVM, supporting the HyperBFT network with up to 200,000 TPS.
With a TVL of $1.3 billion, Hyperliquid’s blockchain surpasses solutions like Optimism and Linea.
Hyperliquid, one of the most recognized platforms in the DeFi space, is preparing to launch its HYPE token, marking a milestone in its evolution as a decentralized exchange. The launch event, scheduled for November 29 at 7:30 am UTC, includes an airdrop that will reward early users of the platform with 31% of HYPE’s total supply.
The HYPE token, with a total supply capped at one billion units, has generated significant anticipation in the markets. With a pre-launch valuation estimating a market cap of $3 billion, the airdrop could be worth more than $1 billion. Hyperliquid’s distribution strategy emphasizes community growth and decentralization, as no allocations have been reserved for private investors, centralized exchanges, or market makers.
Hyperliquid: Among the Fastest Blockchains
Originally conceived as a decentralized exchange focused on perpetual trading, Hyperliquid has significantly expanded its scope with the implementation of its own blockchain, powered by the HyperBFT protocol. This proof-of-stake consensus mechanism stands out for its ability to process up to 200,000 transactions per second, with a finality time of approximately 0.2 seconds, making it one of the fastest and most efficient networks in the market.
The Role of HYPE
In terms of infrastructure and utility, the HYPE token will play a fundamental role, not only as a staking asset to ensure the network’s security but also in executing smart contracts through the HyperEVM environment. This ecosystem enables the platform to offer new products, such as spot trading pairs, with the HYPE/USDC pair being one of its initial key offerings.
Furthermore, Hyperliquid’s blockchain has quickly established itself in the market, reaching a total value locked (TVL) of $1.3 billion, surpassing renowned Layer 2 solutions such as Optimism and Linea, according to DeFiLlama data. Its growth reflects the adoption of its technology and the trust users place in its offering
