At the end of November, the native token HYPE of the decentralized derivatives trading platform Hyperliquid completed its airdrop, starting at a price of around 3 USD and rising over 300% to nearly 10 USD within days, attracting market attention. Hyperliquid airdropped a total of 274 million HYPE tokens, with an average airdrop amount of 2,915.66 HYPE per address, and single airdrop returns nearing 30,000 USD, being referred to as the 'most generous airdrop of the year.'
The Genesis airdrop of Hyperliquid allocated 310 million HYPE tokens, with unallocated tokens to be used for future issuance and community rewards. In the Genesis event, tokens received by eligible participants are fully unlocked, and no allocation was provided to private investors, centralized exchanges, or market makers. The market has questioned this rule, but so far, over 274 million tokens of the 310 million Genesis airdrop have been claimed, with a 24-hour trading volume reaching 270 million USD, demonstrating the wisdom of this decision.
According to ASXN data, 18.9% of airdrop wallet addresses received more than 1,000 tokens, and the HYPE token airdrop follows the '80/20 rule,' where approximately 20% of addresses received nearly 80% of the total airdrop amount. Hyperliquid's airdrop activity has received high praise from the community, and industry insiders have also given positive feedback.
The development and airdrop of Hyperliquid first took advantage of the favorable factor of 'timing,' with strong product capabilities and excellent community building, without reserving portions for private placements, CEX, or MM, showing its emphasis on community users. Hyperliquid is moving towards its vision of building a 'Binance on-chain.'