In conjunction with the impending launch of the HyperEVM mainnet, Hyperliquid has unveiled HYPE, its native coin.
By agreeing to the rules by November 11th, eligible users can collect HYPE and a commemorative Hypurr non-fungible token at the Genesis Event.
This news was verified by the Hyper Foundation, which was just founded to assist Hyperliquid’s environment.
A decentralized exchange called Hyperliquid provides extensive liquidity for a range of assets. Liquidity is the ease with which assets can be traded without impacting prices.
The Hyper Foundation was founded to aid in expanding the Hyperliquid ecosystem and is dedicated to creating a decentralized financial infrastructure, including developing the blockchain and applications for Hyperliquid.
Any application developed on Hyperliquid will be able to utilize this liquidity and financial tools thanks to the HyperEVM, an Ethereum-compatible blockchain, increasing the accessibility of decentralized finance.
The proof-of-stake consensus mechanism of the network, which depends on users holding tokens to verify transactions and safeguard the network, also depends on the introduction of HYPE.
