Hyperliquid Launches Hyper Foundation to Strengthen Blockchain Ecosystem

Hyperliquid Launches Hyper Foundation to Boost Blockchain Development

On October 14, 2023, Hyperliquid made a significant announcement regarding the establishment of the Hyper Foundation. This initiative aims to support the ongoing development of the Hyperliquid blockchain and its associated ecosystem.

Hyperliquid: A Cornerstone of the New Financial System

The official statement emphasized that Hyperliquid operates a flagship application that stands as a leading decentralized trading platform. It is recognized as a cornerstone of the new financial system, boasting an order book that delivers the deepest and most robust on-chain liquidity accessible for various assets.

Introducing HyperEVM for Enhanced Liquidity

With the upcoming launch of HyperEVM, applications built on the Hyperliquid platform will gain unprecedented access to this deep liquidity along with native financial primitives, revolutionizing the way finance operates by making it more efficient, liquid, and accessible for the first time.

The Introduction of HYPE Token

The next strategic phase for Hyperliquid is the introduction of its native token, HYPE. This token will play a crucial role in supporting the HyperBFT proof-of-stake consensus, the HyperEVM framework, and the overall roadmap for future development.

Genesis Distribution and NFT Commemorative Offer

As part of the genesis distribution, eligible users will have the opportunity to receive HYPE tokens along with an optional Hypurr NFT. This NFT will serve as a commemorative item for the imminent launch of HyperEVM on the mainnet.

Conclusion

The formation of the Hyper Foundation and the upcoming launch of the HYPE token mark significant milestones in the evolution of Hyperliquid. By fostering deeper liquidity and enhanced access to financial resources, Hyperliquid aims to set a new standard in decentralized finance.

Learn More About Hyperliquid

Stay updated on the latest developments in decentralized finance by visiting Hyperliquid's official website.