According to BlockBeats, on October 14, Hyperliquid announced the establishment of the Hyper Foundation to support the development of its blockchain and ecosystem. Hyperliquid's current flagship application is a decentralized trading platform that provides the deepest and most powerful on-chain liquidity.

With the launch of HyperEVM, applications built on Hyperliquid will be able to access this deep liquidity and other native financial primitives, driving the efficiency, flow and accessibility of the financial system.

The next step for Hyperliquid is to launch the native token HYPE, which is essential for the HyperBFT proof-of-stake consensus, HyperEVM and future development. Eligible users can receive HYPE and Hypurr NFT to commemorate the launch of the HyperEVM mainnet.