Hyperliquid (HYPE) is a decentralized stock exchange formed in its own layer-1 blocking (Dex). It offers investors with advanced trade tools such as low wages, fast transactions and continuous derivatives. The platform central offers continuous futures contracts that can be purchased and sold without having basic assets in a way similar to the way of operation of exchanges (CEX).
One of the main features of Hyperliquid is that it provides low delay, reliability and a more fluent user experience. However, Hyperliquid (HYPE) finds a good balance between central finance (cefi) and decentralized finance (defi) elements.
Who is the founder of Hyperliquid (Hype)?
Hyperliquid Labs was founded by his classmates Jeff Yan and Iliensinc from Harvard. The team includes experts from institutions such as Caltech, MIT, Citadel and Hudson River Trading.
Jeff Yan, the former founding partner of the Central Borsa Chameleon Trading, and his team turned to Hyperliquid after the collapse of FTX, which created a gap for the derivative exchange.
The Hyperliquid Labs team chose to finance itself by guaranteeing independence from venture capital and focusing on providing an efficient, transparent trade platform.
What is Hype Token?
In 2024, Hyperliquid launched its local token Hype through an AirDrop for approximately 100,000 users. 12 percent of buyers received 5,000-10,000 token. Within a few weeks, this amount of hype reached more than $ 140,000.
Since Hyperliquid (HYPE) did not receive funds from venture capitalists, most of the Airdrop went to the community. 75 percent of Hype Tokens are available and distributed to future users.
More than 20 percent of Hype tokens, including Hyperliquid Labs developers, were distributed to those who contributed to core ‘. These tokens will not be activated until 2027-2028 to help prevent a possible inside.
Hype reached the market value of exceeding $ 9 billion in three months after its release and became one of the top 20 crypto currencies. As of February 3, 2025, it ranks 22nd and traded for $ 23.07. You can reach Hype live market data via Coingecko.
Hyperliquid (Hype) Airdrop
On November 29, 2024, Hyperliquid realized the local token of HYPE for approximately 100,000 users. Many people in the sector believe that they have managed to set standards for future Airdrops. The average allocation was about 45,000 – 50,000 dollars, which made it one of the most lucrative Airdrops in history.
Hyperliquid (HYPE) did not follow the typical AirDrop program where a large amount of Token was allocated to venture capitalists (VCs). Instead, 76.2 percent of the token supply left for user -centered initiatives and focused on the community that the team members have been entitled for at least one year after the token production event (took place on 29 November 2024). All this stems from the fact that Hyperliquid is not a private investor.
Is Hyperliquid safe?
Hyperliquid (HYPE) gives priority to security with third -party inspections and an error reward program. However, as a new block chain, it is considered more risky than layer-1s such as Ethereum.
At the end of 2024, Hyperliquid saw important outputs due to concerns about a possible attack by Pirates of North Korean.
In 30 hours, more than 256 million dollars were withdrawn, which led to a 25 percent decrease in the price of Hype Token. Despite panic, Hyperliquid was not exploited, which emphasized solid security measures.
