On July 16, Hyperion, the top DEX protocol in the Aptos ecosystem, has officially completed its initial token offering (IDO) for its platform token RION. The IDO was conducted on the Binance Alpha platform, being the first project to use the Bonding Curve dynamic pricing mechanism, reaching a $20 million fully diluted valuation (FDV) cap in just 1 minute, demonstrating extremely high enthusiasm and market consensus.
RION will serve as one of the core tokens of the Hyperion platform, supporting payment settlement modules and other functions, and can be exchanged for ecosystem governance and incentive token xRION, unlocking governance rights, staking rewards boost, and Launchpad allocation and other multiple benefits.
It is reported that since its mainnet launch, Hyperion has become a leading decentralized trading platform in terms of trading volume and TVL on Aptos. This IDO marks the official launch of its token economic system and brings more mature liquidity and governance mechanisms to Aptos DeFi.
