HyperLiquid’s new staking service offers a great opportunity for crypto users. So, how much can be earned by HYPE Token staking? Here are the latest announcements and reward amounts from the altcoin project…
HyperLiquid Launches Native Staking Service with HYPE Token
HyperLiquid has announced the launch of a native staking service for HYPE token holders. This feature allows users to stake their tokens to secure the network and earn rewards. HyperLiquid’s move comes as part of the platform’s growth goals and aims to increase the impact of the HYPE token in the market.
Users who perform staking have the freedom to decide which validator they will deposit their tokens to. In total, staking can be done through 16 different validators. Staking tokens are kept locked in the system, and the accumulated rewards are also locked. Following the launch of HyperLiquid, 300 million tokens (worth approximately $8.4 billion) were staked on the platform. In the first hour, users contributed to the system by staking an additional 7 million tokens.
This staking service was introduced just a month after the launch of the HYPE token. The token debuted at $3.57 and quickly gained a huge value, rising to $27.89. As of today, the market value of the HYPE token has reached $9.2 billion, ranking it among the top 20 cryptocurrencies. HYPE has overtaken major crypto assets such as Bitcoin Cash (BCH), Pepe (PEPE), and Litecoin (LTC).
The Growing Influence of HyperLiquid and the Rising Value of HYPE Token
HyperLiquid’s decentralized derivatives exchange has reached $2.64 billion in trading volume in the last 24 hours. According to data provided by DeFiLlama, the platform generates over $1 million in revenue per day. These figures demonstrate the strong position of HyperLiquid and its HYPE token in the crypto ecosystem. The new staking features and the rapidly increasing value of the HYPE token have made HyperLiquid one of the major players in the industry, providing users with more income opportunities.
HyperLiquid: The New Name for Fast and Secure Crypto Trading
HyperLiquid stands out as an innovative decentralized exchange (DEX) built on its own Layer-1 blockchain. The platform aims to revolutionize crypto trading by combining the speed and efficiency of centralized exchanges with the transparency of decentralized platforms. With a block time of under 1 second and a capacity of up to 100,000 transactions per second, HyperLiquid offers its users an extremely fast and secure trading experience.
Perpetual Futures and Resilience
HyperLiquid focuses specifically on “perpetual futures.” These products allow users to speculate on cryptocurrency prices without having to physically purchase the asset. This gives traders flexibility and makes it easier to participate in the crypto market.
The Role and Advantages of HYPE Token
The HYPE token, the cornerstone of the HyperLiquid ecosystem, supports the operation of the platform and offers various benefits to users. HYPE token holders have the right to vote on important decisions on the platform, contributing to the shaping of the future of HyperLiquid. In addition, this token, which offers staking opportunities to increase network security and encourage user participation, provides rewards to its holders.
HYPE token also creates a user-friendly environment by reducing transaction fees. In this way, transactions can be made at more affordable costs. HyperLiquid attracts attention as a platform that is rapidly emerging in the crypto world with its strong and innovative structure.