Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Hyperliquid users to score new tokens as HyperEVM mainnet launch approaches

Source Cryptopolitan

Hyperliquid, a decentralized exchange for perpetual derivative trading, will unveil its new HYPE tokens before its HyperEVM main net launch. The Hyper Foundation announced today on X, on a possible airdrop stating that eligible users can opt to receive HYPE tokens and a Hypurr NFT in the first distribution.

Hyperliquid will launch the HYPE token

Hyperliquid will launch its new native HYPE token even as users anticipate the HyperEVM main net release. According to the Hyper Foundation, the new token will be critical for the Hyper BFT proof of stake consensus and for the development of HyperEVM.

The foundation also announced that users could receive the new HYPE tokens and acquire a Hypurr NFT in its planned airdrop. It remarked:

As part of the Genesis distribution, eligible users can choose to receive HYPE and optionally a Hypurr NFT to commemorate the upcoming launch of the HyperEVM on main net.
=Hyper Foundation

It even asked users to ensure they accept all the Genesis event conditions on their website by the end of November 11 2024, to stand a chance to acquire any new tokens.

Moreover, Hyperliquid’s daily transaction volumes have even crossed $1 billion, pointing to the news on the forthcoming token distribution.

HyperEVM will give access to the exchange’s liquidity

The Hyper Foundation, in its post, also praised Hyperliquid’s order books, stating they offer the “deepest and most robust” liquidity for a broad range of assets.

The Foundation also believes that HyperEVM, once launched, will make the platform’s liquidity and other native financial primitives more accessible. It even believes HyperEVM will make finance “performant” and ”accessible”.

The exchange already trades perpetual derivatives by pooling liquidity from various sources and offers several other native tokens on its Layer 1 application-specific blockchain. By April 16th, Hyperliquid even started spot trading of L1 main net’s first HIP-1, making its native token PURR available for use. At the time, Hyperliquid also said that about 50% of PURR’s total cumulative amounts would be airdropped to point holders. The exchange also dedicated the rest to PURR/USDC’s liquidity pool.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

Sep 22, Tue

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Sep 23, Wed

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining traction Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

Author FXStreet

Sep 23, Wed

Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth story US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Author Suzie

19 hours ago

US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Popular Symbols