Hyper Foundation has announced the launch of its new token, HYPE, which plays a pivotal role in the Hyperliquid ecosystem and acts as a key tool for HyperEVM.

HYPE: Securing Network and Expanding Ecosystem

The HYPE token serves a dual purpose as a staking token for HyperBFT PoS consensus and as a financial tool for dApps on HyperEVM. With HyperEVM's launch, any deployed dApp can leverage Hyperliquid's extensive liquidity and advanced trading infrastructure. This will also encourage stakeholders to engage in network governance, ensuring its security and scalability.

Airdrop and Genesis Event

The Genesis Event for HyperEVM marks the beginning of HYPE token distribution, allowing eligible users to claim their tokens. The airdrop is associated with Hyper Foundation's recent points-based rewards campaign, encouraging user engagement on the Hyperliquid platform. Participants with points from the campaign are eligible for the HYPE airdrop and have the opportunity to mint a unique Hypurr NFT to celebrate HyperEVM's mainnet launch.

Increased Engagement Ahead of HyperEVM Launch

The rise in transaction activity on Hyperliquid highlights growing user interest in the platform's evolving ecosystem and new token. Daily transaction volumes on the DEX have already exceeded $1 billion. Hyperliquid is evolving into a full blockchain ecosystem focused on decentralized finance (DeFi), with HYPE playing a crucial role in governance and operations.

The Hyper Foundation aims to strengthen the Hyperliquid ecosystem through incentives for early adopters and the implementation of PoS consensus to ensure security. The launch of the HYPE token marks a significant step towards launching HyperEVM and integrating new financial tools.