• HYPE token staking starts, immediately locks in $9.3B with 320M tokens staked.

  • HYPE's price surges 640% post-launch, reaching a high of $34.

  • HyperLiquid now ranks as the fifth-largest decentralized derivatives exchange.

The Hyper Foundation announced the commencement of staking the HYPE token in the HyperLiquid mainnet. This step highlights the factor of decentralizing the validation by the community, making it useful in protecting the network. With tremendous expansion following the token creation event, HYPE is now live on HyperLiquid’s DEX and acts as HyperEVM’s gas token.

HYPE Staking: A Step Toward Decentralized Security

The staking functionality allows HYPE token holders to delegate their tokens to trusted validators. Validators propose new blocks on the HyperLiquid blockchain based on the amount of HYPE staked, securing the network and ensuring its decentralized operation. Stakers earn rewards in HYPE, incentivizing active participation in maintaining network integrity.

According to the Hyper Foundation, users should consider factors like validator uptime, commission rates, and community contributions before selecting a validator. As of launch, over 320 million HYPE tokens, valued at approximately $9.3 billion, have been staked across multiple validators. Stakers only earn rewards when validators participate successfully in the consensus process.

To strengthen the network further, the Hyper Foundation plans to introduce a Delegation Program. This initiative will reward high-performing validators who contribute to the blockchain’s ecosystem and robustness. Although details remain forthcoming, the program underscores the platform's commitment to decentralization.

HYPE's Market Growth and Distribution

HYPE has experienced a meteoric rise since its debut during HyperLiquid’s token generation event on November 29. The token’s price surged by over 640%, reaching an all-time high of $34 before settling around $28. With a circulating supply of 333.9 million tokens and a total supply of 1 billion, HYPE commands a market capitalization of approximately $9.3 billion.

The foundation allocated 31% of the total supply for community airdrops to reward ecosystem contributors, while 38.8% is reserved for future community rewards. Core contributors received 23.8% of the tokens, subject to a one-year lock-up period. No tokens were allocated to private investors or centralized exchanges to maintain a community-first approach.

Key Features and Ecosystem Role

Beyond staking, HYPE powers several functionalities within the HyperLiquid ecosystem. It is the gas token for HyperEVM, the platform’s execution environment, and is tradable against USDC on HyperLiquid’s decentralized exchange. The token also plays a vital role in the platform's governance, enabling holders to influence key decisions.

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