Hyperliquid launches the HYPE token as part of the preparation for the HyperEVM mainnet, a blockchain compatible with Ethereum. This event is accompanied by the activities of the Hyper Foundation to develop a decentralized ecosystem.
New HYPE Token and Genesis Event Details
As part of the preparation for the HyperEVM mainnet launch, Hyperliquid users can claim the HYPE token and Hypurr NFT during the Genesis Event by accepting the terms by November 11. This step is confirmed by the Hyper Foundation, established to support the Hyperliquid ecosystem.
Hyper Foundation's Role in the Hyperliquid Ecosystem
The Hyper Foundation is created to support the growth of the Hyperliquid ecosystem, including blockchain and application development. It plays a key role in forming a decentralized financial infrastructure.
Significance of HyperEVM for Decentralized Finance
HyperEVM is an Ethereum-compatible blockchain that allows any application built on Hyperliquid to leverage liquidity and financial tools. The launch of HYPE is also crucial for the proof-of-stake consensus mechanism, requiring tokens to validate transactions and secure the network.
The launch of HyperEVM and HYPE will be a significant step for Hyperliquid, expanding decentralized finance options and enhancing liquidity access on the platform.
