HYPE! How Hyperliquid Exploded the Airdrop Market 🚀
In late November 2024, the decentralized exchange Hyperliquid conducted a super generous airdrop of its HYPE token. 🎉 More than 94,000 users received a total of 310 million coins as a gift. At its peak, their value amounted to nearly $10.8 billion. That's more than the GDP of some countries! 🤑
HYPE: More than Just Hype
Hyperliquid did not just distribute tokens; it set a new standard:
• 76.2% of the tokens were allocated to the community. 💙
• The team locked their coins until 2028. 🕒
Moreover, the project decided not to list on major exchanges immediately. Listing on BingX, Bitget, and KuCoin occurred only two weeks after the distribution.
Why did HYPE attract so much attention?
1. Cool Technology.
Hyperliquid uses the super-fast HyperBFT consensus, which enables up to 200,000 transactions per second. That's faster than most blockchains! ⚡
2. Great User Experience.
Trading on the platform resembles working with Binance, but everything is recorded on the blockchain.
3. Copy Trading.
You can now "copy" the trades of successful traders through special repositories.
What Did We Learn?
Hyperliquid demonstrated that decentralized projects can be profitable without venture capitalists. 💪