At the end of November, the native token HYPE of the decentralized derivatives trading platform Hyperliquid concluded its airdrop, with an opening price of about 3 USD, which surged over 300% to nearly 10 USD within a few days, attracting market attention. Hyperliquid airdropped a total of 274 million HYPE tokens, with an average airdrop amount of 2915.66 HYPE per address, and a single airdrop return of nearly 30,000 USD, being dubbed the 'most generous airdrop of the year'.
Hyperliquid's genesis airdrop allocated 310 million HYPE tokens, with undistributed tokens reserved for future issuance and community rewards. In the genesis event, the tokens received by qualified participants are fully unlocked, and no allocations were made for private investors, centralized exchanges, or market makers. The market has questioned this rule, but up to 310 million tokens from the 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 adheres to the 'Pareto Principle', meaning that about 20% of the addresses received nearly 80% of the total airdrop amount. Hyperliquid's airdrop event has received high praise from the community, and industry insiders have also given positive feedback.
The development and airdrop of Hyperliquid first capitalized on the favorable factor of 'timing', with strong product capability and excellent community building, and no reservations for private placements, CEX, or MM portions, indicating its emphasis on community users. Hyperliquid is moving towards its vision of building a 'decentralized Binance'.