HyperLiquid Blockchain has launched native staking for its HYPE token, allowing holders to secure the network and earn rewards. Users can stake their tokens with one of 16 validators and have already staked 300 million tokens, with an additional 7 million added in the first hour. Although locked tokens can be staked, any rewards accrued will remain locked until the vesting period ends. The introduction of staking comes just a month after the HYPE token's debut at $3.57, which has since surged to $27.89, elevating its market cap to $9.2 billion and positioning it among the top 20 tokens, surpassing bitcoin cash, litecoin, and pepe. The exchange has also reported a substantial trading volume of $2.64 billion in the last 24 hours, generating over $1 million in daily revenue.

Source 🔗