According to TechFlow, on October 14, the decentralized trading platform Hyperliquid announced the establishment of the Hyper Foundation, which aims to support the development of the Hyperliquid blockchain and ecosystem. With the launch of HyperEVM, applications built on Hyperliquid will be able to access this deep liquidity and other native financial primitives.

The next step for Hyperliquid is to launch the native token HYPE, which is critical to the development of the HyperBFT Proof-of-Stake consensus, HyperEVM, and future roadmaps. As part of the genesis distribution, eligible users can choose to receive HYPE tokens and an optional Hypurr NFT to commemorate the upcoming launch of HyperEVM on the mainnet.

Users must review and accept the Genesis Event terms on the official website before 23:59 UTC on November 11, 2024 to participate. Hyperliquid said it will announce more information about HYPE and the Genesis Event later.