Hyperliquid HYPE
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Information about HYPE
Hyperliquid is a high-performance blockchain platform designed to maximize the efficiency of decentralized finance (DeFi) applications. Its main feature is a fully on-chain order book that enables transparent and efficient perpetual futures trading with zero fees. Additionally, its distinct HyperBFT consensus mechanism ensures fast transaction processing (up to 100,000 TPS).
The Hyperliquid team is notable for consisting of graduates from prestigious institutions like Harvard, Caltech, and MIT, bringing deep expertise and experience to the project. This allows the platform to operate without external funding, highlighting the developers' autonomy and commitment to their project’s mission. Hyperliquid has its native token, HYPE. Holders can participate in the platform's decision-making process through voting. HYPE can also be used to pay various fees on the platform, including transaction fees.
As of today, this token is in high demand, as evidenced by its market capitalization of $8.86B and trading volume reaching $17.29M in the last 24 hours.
FAQ
Hyperliquid's native token, HYPE, plays a crucial role within the platform and serves as the primary means of paying transaction fees. Since HYPE is a governance token, holders can participate in shaping the future of the platform through voting. If you're aiming to earn profits with the token, you can take advantage of staking — locking your HYPE coins within the network to contribute to its stability and receive rewards in return.
Hyperliquid currently supports Arbitrum as the only native chain.
No, at the moment, Hyperliquid is not open source. However, the project prioritizes open sourcing and plans to release the code as soon as development reaches a stable and secure state
The Hyperliquid mainnet was launched in June 2023, when the HYPE token increased in value more than six times in the first week. However, Hyperliquid's story began in 2022 when two Harvard University graduates, Jeff Yang and Iliensink (the nickname of the second developer), started developing the project.
Hyperliquid could be a good investment option due to its innovative technology. Although the trend of the coin's value remains positive, significant volatility and stable growth have not yet been observed. If you decide to invest in HYPE, we advise you to make a thorough analysis, as well as assess the possible risks.
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