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Hyperliquid shocked the crypto market after delivering the biggest airdrop of 2024. Hyperliquid distributed 30% of its supply to users, with over $500 million market cap at launch. The project is said to be the biggest community-first, super-awesome decentralized exchange platform, along with most CEX-like features. Hyperliquid does not have any early investors, VCs, fees paid to promoters, or association with any market makers. However, they claim to be a highly scalable and optimized layer-1 solution with high-volume liquidity, as the project name suggests.
Hyperliquid has launched a highly user-friendly and smooth spot and futures trading experience using their own layer-1 solution. Expected volume has already reached billions, as the Hype token alone crossed $1.5 billion in market cap within two days of launch. However, the Hyperliquid network uses their HyperBFT consensus, and native components like HyperEVM are built on top of this consensus. As mentioned on their official website, they are highly focused on auctions, borrowing, lending, trading, oracle data, governance, vaults, and bridges. They also allow the community to use their base platform to create their own decentralized applications.
Hyperliquid is on a mission to create an all-in-one, high-performance financial ecosystem, similar to Ethereum’s decentralized tools. Developers can take advantage of EVM and native components to achieve high volume, speed, and programmability. HyperLiquid DEX currently offers no gas-fee trading, seamless order book spot trading, and over 50x leverage trading on different token pairs. All these key features are transparent, meaning all orders will be on-chain, including trades, funding, and liquidation. As of writing, no gas fees or wallet approvals are needed to trade, along with superfast block times and over 200k transactions per second.
HyperLiquid Token Price Prediction
Hype is the network’s native token, representing ownership, governance, and securing the future of the Hyperliquid platform. The Hype airdrop is said to be the biggest airdrop of 2024, prioritizing the community. As of now, Hype is only tradable on the HyperLiquid DEX and is not available on any centralized exchange. Hype token claims were scheduled on 29th November 2024, starting trading at $2.005 USD and currently trading at $7 USD—almost 3x since launch. The average user has gained around $10k worth of airdropped tokens, and many users have not sold their allocation due to the project’s hype and buzz on Twitter.
Hype Token Price Prediction
Hype Token is set to explode following tier-1 exchange listings and is expected to cross the $10 price mark very soon. Market sentiment is highly bullish, and Hype continues breaking all-time high records every 4 hours, following a massive launch event and reaching over $2.4 billion in market cap. We can expect $30 by December 2024. Before that, the token may follow sideways patterns, but if whales start buying this token, it could become unstoppable in the market. It is already listed on CoinGecko and CMC, and more exchange listing announcements are likely, setting up the next buying event to push prices higher.
Hyperliquid Overview
| Project Name | Hyperliquid foundation |
| Token/Ticker Symbol | Hype |
| Network | HyperBFT Consensus |
| Total Supply | 100 billion |
| Official website & Social | hyperliquid.xyz |
| Based on | Layer 1 Optimised Solution |
| Potential | High |
| Launched Date | 2023 |
| TGE | 29th November 2024 |
| Airdrop | 29th November 2024 |
HyperLiquid Review
In 2024, many people said airdrops were dead, but with Hyperliquid, we can say airdrops are back in business. Hyperliquid was not funded by top VCs, and no big influencers shilled this project to the crypto audience. That’s why many users did not participate in the Hyperliquid airdrop, resulting in fewer users and higher distribution amounts. People who spent over $300 in trading were able to receive more than $5k worth of tokens, which is huge compared to recent failed projects like Scroll.
Coming back to the actual review, the platform and network itself have been highly praised for their features, UI, and security. Recently, they have launched top-trending meme coins such as Chillguy, Moodeng, Pnut, and others. Along with this, they have listed solid utility projects. They have reached $2 billion in daily transactions, and with the Hype token launch, they anticipate massive inflows on the platform and achieving significant milestones in the future.