Decentralized exchange HyperLiquid is launching a native token called HYPE, which will be distributed to early adopters through an airdrop. A total of one billion tokens will be issued, with a portion allocated to users who earned points in a previous campaign. Another portion of the tokens will be set aside for current and future core contributors. HyperLiquid, which has over 220,000 users and $2.4 billion in trading volume, aims to incentivize platform use and secure its proof-of-stake consensus algorithm through the HYPE token.



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