HyperLiquid Network, a Layer-1 network, has activated staking on the mainnet with 300 million Tokens locked, valued at 8.4 billion USD, and 16 validators. The decentralized exchange HyperLiquid launched staking for HYPE Tokens on December 30, allowing holders to earn rewards from participating in the blockchain. According to DeFiLlama, this exchange has a 24-hour trading volume of 2.64 billion USD and earns over 1 million USD daily from fees. In the first hour after staking activation, approximately 7 million HYPE Tokens were sent to the 16 validators. At the time of launch, Hyper Foundation confirmed 300 million Tokens were staked. Users can choose a trusted validator to earn rewards. HYPE Tokens have surged from 3.57 USD to 27.44 USD, reaching a market capitalization of 9.2 billion USD, surpassing prominent DeFi projects like Uniswap and Litecoin.

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