The decentralized launch of the Hyperliquid (HYPE) token is seen as a significant shift towards fair launch cryptocurrencies, moving away from traditional centralized exchange listings. Unlike many recent token launches that disappointed investors, Hyperliquid's airdrop, valued at over $7.5 billion, highlights its exclusion of venture capitalists, positioning it as a fairer option. Vitali Dervoed, co-founder and CEO of Composability Labs, remarked that the HYPE token launch signifies a new era for such tokens. After launching on November 29, 2024, the HYPE token skyrocketed 600%, trading at $22.67 by January 15, 2025. Hyperliquid operates on a proof-of-stake consensus mechanism and supports up to 200,000 transactions per second, with HYPE as both the staking and gas token for its ecosystem.

Source 🔗