🔥 Hyperliquid’s HYPE Token Soars Past $1.6 Billion in Market Cap
posted 3 hr ago
HYPE Token Market Cap Hits New Heights. Source: coingecko.com
Hyperliquid allocated 31% of its total token supply—310 million HYPE—to a retroactive airdrop, potentially making it one of the year’s largest. Valued at $5 per token, this airdrop distributed $1.5 billion worth of assets to platform users.
What set Hyperliquid apart was its commitment to decentralization. Eschewing centralized exchanges, the team opted to list HYPE solely on its internal platform operating on the Arbitrum network. This strategy paid off, as HYPE’s price climbed to $5, generating $375 million in trading volume within half a business day.
HYPE Trading Heats Up on AEVO. Source: app.hyperliquid.xyz
AEVO’s derivatives platform has introduced futures for the HYPE token, making waves in the trading community. Within a single day, HYPE emerged as the most traded asset on the exchange, generating over $8.5 million in volume.
HYPE Token Volumes on AEVO. Source: aevo.xyz/
Hyperliquid’s roadmap includes developing its own blockchain, where HYPE will serve as the network’s native currency. For further details on HYPE’s tokenomics, explore our comprehensive report.
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