The high-speed blockchain network Hyperliquid has just made history in cryptocurrency with one of the largest airdrops ever, distributing $1.6 billion worth of HYPE tokens to the user community.
Details about the record airdrop
Total airdrop tokens: 310 million HYPE (representing 31% of the total supply of 1 billion tokens).
All-time high value of HYPE: $5.40/token, boosting the airdrop value to over $1.6 billion.
Supply allocation:
38.88% allocated for reward programs and future releases.
No tokens allocated to private investors, centralized exchanges, or market makers.
Community reactions
Some users received significant token amounts, with shocking shares such as:
"Woke up to find I received a 6-figure airdrop from HYPE. This is the largest airdrop of my life," shared user PonziTrader on X (Twitter).
Hyperliquid Network and the growth of HYPE
Hyperliquid stands out with its main product being the decentralized exchange Perp DEX on its modern layer-1 blockchain.
Achievement: Processed over $334 billion in trading volume since March 2024.
Ranking: 7th in 24-hour trading volume on DEX, according to CoinGecko.
HYPE Price: Up 38% since launch, currently trading at $5.40 with a market cap of $1.74 billion, ranked #73 globally.
Major breakthrough for the DeFi community
Hyperliquid's airdrop not only solidifies its position in the crypto community but also becomes a significant driving force behind DeFi development on high-speed blockchain. With an airdrop value far surpassing many other well-known projects, HYPE has asserted its appeal in the fiercely competitive market.