Hyperliquid, a decentralized exchange for perpetual derivative trading, will unveil its new HYPE tokens before its HyperEVM main net launch. The Hyper Foundation announced today on X, on a possible airdrop stating that eligible users can opt to receive HYPE tokens and a Hypurr NFT in the first distribution.
Hyperliquid will launch the HYPE token
Hyperliquid will launch its new native HYPE token even as users anticipate the HyperEVM main net release. According to the Hyper Foundation, the new token will be critical for the Hyper BFT proof of stake consensus and for the development of HyperEVM.
The foundation also announced that users could receive the new HYPE tokens and acquire a Hypurr NFT in its planned airdrop. It remarked:
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
It even asked users to ensure they accept all the Genesis event conditions on their website by the end of November 11 2024, to stand a chance to acquire any new tokens.
Moreover, Hyperliquid’s daily transaction volumes have even crossed $1 billion, pointing to the news on the forthcoming token distribution.
HyperEVM will give access to the exchange’s liquidity
The Hyper Foundation, in its post, also praised Hyperliquid’s order books, stating they offer the “deepest and most robust” liquidity for a broad range of assets.
The Foundation also believes that HyperEVM, once launched, will make the platform’s liquidity and other native financial primitives more accessible. It even believes HyperEVM will make finance “performant” and ”accessible”.
The exchange already trades perpetual derivatives by pooling liquidity from various sources and offers several other native tokens on its Layer 1 application-specific blockchain. By April 16th, Hyperliquid even started spot trading of L1 main net’s first HIP-1, making its native token PURR available for use. At the time, Hyperliquid also said that about 50% of PURR’s total cumulative amounts would be airdropped to point holders. The exchange also dedicated the rest to PURR/USDC’s liquidity pool.