"From 0 to $10 billion! Here's a complete breakdown of how the Hyperliquid token broke market expectations!"
Hyperliquid's native token HYPE is attracting market attention. In the past 24 hours, the price of HYPE soared 40%, breaking through $30, and its market value successfully ranked 19th. Currently, its circulation is 270.9 million, accounting for less than a third of the total supply of 1 billion. This scarcity, coupled with outstanding market performance, has become an important driving force for HYPE's rapid rise.
HYPE's popularity is inseparable from a significant airdrop. Hyperliquid distributed 310 million tokens to 94,000 addresses, and 270 million have been claimed so far, with a total value of approximately $8.9 billion, which even surpassed Uniswap's peak airdrop in 2020. In addition, the platform has locked up a total value of $2.62 billion and optimized the user experience through mechanisms such as buybacks and ecosystem vaults, further consolidating HYPE's market position.
In the future, Hyperliquid plans to launch HyperEVM compatible with Ethereum, which will greatly enhance its expansion potential in the DeFi field. At the same time, with its high-speed and low-cost trading characteristics, the platform is being hailed as the "decentralized Binance".
Can HYPE further challenge the position of DeFi giants? Maybe it is on the way. Want to keep tracking these market trends? Follow Jiaoshou and catch the next star in the DeFi world with me!
