BCGAME - Free 5BTC Daily Bonus!A new player has been attracting attention in the cryptocurrency market: HyperLiquid's HYPE token. After an impressive appreciation since its launch, the HyperLiquid has just announced native staking for HYPE token holders, a strategic move that promises to further boost the ecosystem. Hype has appreciated by 278.4% in the last 30 days.
HyperLiquid, known for its decentralized derivatives exchange built on a layer-1 blockchain, has taken a major step towards strengthening its network by launching native staking for its HYPE token. The news was announced today in a post on X (formerly Twitter). With this functionality, HYPE holders can choose validators to stake their tokens and, in return, accumulate rewards for contributing to the network’s security.
“Staking is now live on mainnet. Staking is an important milestone for Hyperliquid because it allows the diverse community of HYPE stakers to collectively secure the network. Like other proof-of-stake networks, new blocks on Hyperliquid are proposed by validators in proportion to the HYPE staked in them. Staking is a serious responsibility for the Hyperliquid community. Users can stake HYPE on a trusted validator and earn staking rewards in HYPE. Users can consider different metrics when choosing which validators to stake, such as uptime, commission, reputation, and community contributions,” he wrote in his blog post. release.
The team behind the project also said that the Hyper Foundation will have a Delegation Program to support high-performance validators and further decentralize the network. “More information about the program will be announced. Please note that locked tokens can be staked, but their rewards are locked.”
The introduction of staking comes just one month after the launch of the HYPE token. The token, which debuted at $3,57, has seen a meteoric rise, reaching a new all-time high of $34,96, according to market data. This impressive growth has propelled HYPE to a market cap of $9,33 billion.
HyperLiquid’s success isn’t just about HYPE appreciation. The exchange has also been posting impressive trading volume numbers. In the last 24 hours, the platform has accumulated $181.340.041 in trading volume, and data from DefiLlama shows that daily recipe platform’s revenue exceeds US$1 million. With the launch of native staking, the HyperLiquid ecosystem is expected to grow even stronger, attracting new users and solidifying its position in the cryptocurrency market.
The Hyperliquid (HYPE) cryptocurrency is quickly gaining attention in the market. HYPE is a newly launched token that enables secure and low-cost payments through direct transactions, without intermediaries. The Hyperliquid project stands out for its innovative approach and for offering advantages to users. Recently, the token underwent a significant airdrop, attracting many investors and generating a surge in its value.
