Hyperliquid Unveils HYPE Token as HyperEVM Launch Nears

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by Giorgi Kostiuk

2 years ago

Hyperliquid announces the introduction of the new HYPE token as it prepares for the HyperEVM launch, promising significant ecosystem changes for users.

Launch of HYPE Token

Hyperliquid is set to release the new HYPE token, essential for the Hyper BFT consensus and the development of HyperEVM. The Hyper Foundation also announced that users could receive HYPE tokens and a Hypurr NFT as part of a planned airdrop.

As part of the Genesis distribution, eligible users can choose to receive HYPE and optionally a Hypurr NFT to commemorate the upcoming launch of the HyperEVM on main net.Hyper Foundation

Accessing Liquidity with HyperEVM

The Hyper Foundation stated that Hyperliquid's order books provide the deepest and most robust liquidity for a broad range of assets. The launch of HyperEVM will make the platform's liquidity and other financial primitives more accessible and performant.

New Opportunities with Hyperliquid

Hyperliquid already trades perpetual derivatives by pooling liquidity from various sources and offers several other native tokens on its Layer 1 blockchain. In April, Hyperliquid started spot trading of its first HIP-1, making the native PURR token available for use.

The launch of the HYPE token and the rollout of HyperEVM are anticipated to significantly impact the Hyperliquid ecosystem, enhancing accessibility to financial tools and offering new opportunities for users.

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