The worth motion has pushed the totally hyperliquid airdrop diluted valuation to about $4.2 billion. Currently, over 333 million tokens are in circulation out of a total supply of 1 billion, with a market capitalization of around $1.four billion. Hyperliquid operates as a Layer 1 application-specific blockchain, supporting a wide selection of native tokens like Purr and Points, every serving distinct functions inside the platform’s economic system and reward system. The feature will bring Ethereum Virtual Machine (EVM) compatibility to its blockchain. This update will enable Ethereum builders to deploy decentralized functions (dApps) instantly on Hyperliquid’s platform.

Hyperliquid Airdrop Effect: Hype Token Surges 60% Plus

HYPE is used for staking to secure the network and as a fuel token on HyperEVM, a layer suitable with Ethereum. The token was distributed by way of a six-month-long group airdrop program, ending in May, the place customers earned eligibility by accumulating reward factors, every level translated to five HYPE tokens. Despite its success, dYdX is extra conservative on its approach, providing a maximum of 20x leverage on selected cryptocurrencies. Its low charges (0.02% and 0.05%, respectively), superior buying and selling features yet simple UI are the protocol’s major appeal.

Airdrop Hunters Will Receive 31% Of Hype’s Whole Supply After A Points Campaign That Ran Earlier This Year

While it’s too early to identify tendencies in Hyperliquid’s performance, the chart above reveals $HYPE got off to a bullish start. This is crucial for the inspiration as a result of HYPE will be the elementary utility token underneath HyperBFT, a proof-of-stake consensus method. The token is expected to play an necessary position in powering the HyperEVM and facilitating further improvements within the ecosystem.

The unique and first-ever Airdrop platform globally, persistently providing premier Airdrop opportunities since 2017 with love ❤️ and dedication. The Genesis Event occurred on November 29th, distributing HYPE tokens to qualified points holders. For those looking to participate, consider validator metrics carefully to optimize potential returns throughout all reward streams.

The HYPE token worth rally that started with Hyperliquid airdrop, aka one of many largest crypto airdrop ever with a $1.6 billion valuation. From then, the HYPE token rose to be the highest twenty second crypto token on the crypto price monitoring platform CoinMarketCap, with a continuous upward movement. When Ethereum layer 2s Scroll and ZKsync airdropped their tokens in late 2024, customers complained of paltry allocations or being left out of the airdrops totally. In October 2023, modularity blockchain Celestia airdropped 60 million of its TIA token — value $1.2 billion at its peak valuation — to Ethereum and Cosmos customers, amongst others. Users fortunately termed it as ‘perfect airdrop’ and asked different projects to be aware of how an airdrop must be done.