Hyperliquid, the blockchain revolutionizing decentralized finance (DeFi), has announced the genesis event for its native token, HYPE, scheduled for November 29 at 07:30 UTC. This milestone marks a critical step in Hyperliquid’s evolution into a comprehensive financial ecosystem.
Built on its high-performance HyperBFT consensus mechanism, Hyperliquid achieves unprecedented scalability, processing up to 200,000 transactions per second with a rapid 0.2-second finality.
The total supply of HYPE tokens is capped at 1 billion, with the distribution allocated as follows: 38.888% will be reserved for future emissions and community rewards, 31% is allocated to the genesis distribution, 23.8% is designated for current and future core contributors, 6% is set aside for the Hyper Foundation budget, 0.3% is allocated to community grants, and 0.012% is dedicated to HIP-2.
As the backbone of this ecosystem, HYPE will serve as the staked asset securing HyperBFT, further strengthening the blockchain’s trustless and decentralized infrastructure.
Hyperliquid’s ecosystem features a native decentralized exchange (DEX), seamlessly blending the user-friendly experience of centralized exchanges with the self-custody ethos of DeFi.
The HYPE/USDC pair will debut on the platform’s spot order book, exemplifying its advanced financial primitives. The HyperEVM, a programmable layer, will use HYPE as its gas token, enabling developers to build innovative onchain applications.
Token distribution underscores Hyperliquid’s commitment to community-driven growth. Of the 1 billion HYPE tokens, 31% are allocated to the Genesis event, while 38.888% will be reserved for future emissions and community rewards.
The majority of tokens—76.2%—are earmarked for the community, ensuring broad participation in the network’s success. Core contributors, receiving 23.8% of the supply, face a strict one-year lockup, with vesting schedules extending into 2028.
Notably, Hyperliquid has excluded private investors, centralized exchanges, and market makers from its tokenomics, reinforcing its decentralized ethos. Additionally, 6% of tokens are designated for the Hyper Foundation, while 0.3% and 0.012% will support community grants and Hyperliquidity (HIP-2), respectively.
The HYPE token genesis event unlocks essential functionality across Hyperliquid’s stack, positioning the blockchain as a leader in scalable, trustless finance.
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