The decentralized trading platform HyperLiquid officially launched and airdropped its native token HYPE today. In the first hour of trading, it recorded a trading volume of $165 million, and the price rose from the opening price of $2 to the $4 level, making the token market capitalization reach $1.3 billion, with a fully diluted valuation (FDV) of nearly $4 billion.
According to the official airdrop plan, 333 million tokens out of the total supply of 1 billion tokens are in circulation. In the total supply:
- 38.88% is allocated for future emissions and community rewards;
- 23.8% is reserved for existing and future core contributors.
According to the official introduction, the HYPE token can be used for staking to support the operation of the HyperBFT (Proof-of-Stake consensus algorithm) on the platform. In addition, it can also be used to pay transaction fees and create DeFi applications.
The amount of tokens airdropped to users depends on the "Points" they earned during the six-month period until May this year. Many people have gained substantial benefits from this airdrop activity. The community even pointed out that the HyperLiquid airdrop may be the largest airdrop event so far this year (it can be imagined that tokens worth over $1 billion were distributed to users).
