Hyperliquid, a decentralized finance protocol, now supports native staking on its mainnet. Users can stake HYPE tokens to secure the network and earn rewards. Users can select from 16 validators based on uptime, commission rates, reputation, and contributions to the community.
The community has staked more than $300 million in HYPE tokens since its introduction, indicating considerable participation. During an airdrop in late November, the network dispersed 310 million HYPE tokens, accounting for 31% of its entire supply. This distribution technique emphasized community interaction, establishing a new standard for cryptocurrency initiatives.
HYPE tokens have seen considerable price increases, rising from roughly $3.90 in late November to more than $26.80. Hyperliquid intends to allocate 38.8% of the remaining supply for community awards and emissions, thereby strengthening its decentralized environment.
The platform’s trading volume exceeded $12 billion in December, generating significant revenue and cementing its status as a leader among decentralized exchanges. The overall DeFi market has experienced unparalleled growth, with trade volumes topping $462 billion for the month.
Hyperliquid’s native staking program not only improves network security, but it also demonstrates the company’s dedication to developing a strong, community-driven environment. This development is a watershed moment for Hyperliquid and the rapidly evolving decentralized finance industry.
