The developers announced the formation of the Hyper Foundation and the future launch of the HYPE token
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Johny Smith
2024/11/13
3 mins read
A new initiative in the blockchain world, the Hyper Foundation has been created to support the growth of the Hyperliquid ecosystem, including its flagship decentralized application. It is a highly efficient DEX platform that offers one of the deepest and most resilient order books, providing liquidity across a wide range of assets.
This achievement underscores the importance of Hyperliquid as the basis for a new financial system. The company aims to ensure accessibility and high performance of financial transactions on the blockchain.
One of the key developments for Hyperliquid was the introduction of HyperEVM (Hyper Ethereum Virtual Machine), which will allow all applications built on Hyperliquid to use the existing liquidity and other financial instruments of the platform. HyperEVM enables integration and empowers developers to create new products.
The next stage of Hyperliquid’s development is associated with the launch of its own token – HYPE. This asset plays a central role in the ecosystem, supporting the HyperBFT (Proof-of-Stake) consensus mechanism and the functioning of HyperEVM, and serves as the basis for further technological innovations. The HYPE token is planned to become an important element of the ecosystem, providing decentralization and sustainability.
A feature of the launch will be the Genesis Event, an event in which users will be able to receive HYPE tokens, as well as a collectible NFT called Hypurr, symbolizing the release of HyperEVM on the main network.
The launch reflects the Hyperliquid team’s ambitions to create a comprehensive and decentralized financial ecosystem. The HYPE token aims to strengthen network security and encourage community engagement by giving holders the opportunity to participate in project governance and develop the ecosystem through support for native financial applications.
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