Dear friends, hello everyone! 🌅

Against the backdrop of continuous innovation in the decentralized finance (DeFi) field, the large-scale airdrop program launched by Hyperliquid has attracted widespread attention in the market, distributing a total of over 274 million HYPE tokens, demonstrating the project's unique user incentive strategy.

📊 The scale of the airdrop has set a new industry record, with over 94,000 wallets receiving HYPE tokens. On average, each address received 2,915 HYPE, which, based on the current price of $6.88, amounts to about $20,000. This figure far exceeds the airdrop scale of other recent projects. This large-scale distribution strategy shows the project's emphasis on community building.

💫 Data shows that the token distribution exhibits significant imbalance, with the median being only 64.53 HYPE, far below the average. This distribution method may be based on considerations of user participation and contribution, helping to reward the core user group, but it may also lead to issues of token concentration.

🔄 After the HYPE token went live, trading volume quickly surged, with the first hour's trading volume exceeding $165 million, and the market cap reaching $1.7 billion at one point. This strong market performance reflects investors' confidence in the Hyperliquid project, but caution is needed regarding the risks posed by short-term speculation.

The current airdrop model in the DeFi field is undergoing significant changes, and Hyperliquid's innovative distribution mechanism may become the new industry standard. However, balancing the fairness of token distribution with sustainable development, as well as maintaining long-term user engagement, will be important challenges for the project.

Will such a large-scale token airdrop affect the project's long-term development and the stability of token value? In the current market environment, how should the project design the airdrop mechanism to attract users while ensuring the healthy development of the ecosystem?