DeFi
Home” DeFi” HyperLiquid present native staking for HYPE token holders
by
Estefano Gomez
Dec. 30, 2024
HyperLiquid reveals staking for its native token HYPE, enabling token holders to select from 16 validators to protect the network.
Picture: Hyperliquid
Secret Takeaways
- HyperLiquid introduced staking for its HYPE token, permitting holders to entrust tokens to validators.
- Buzz’s market cap has actually reached $9 billion, exceeding tokens like Uniswap and Litecoin.
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HyperLiquid has actually presented native staking for its HYPE token, allowing holders to hand over tokens to 16 validators and make benefits while protecting the network.
At launch, the layer-1 continuous futures DEX staked over 300 million HYPE tokens, valued at $8.4 billion.
Staking is a crucial turning point for HyperLiquid due to the fact that it permits the varied neighborhood of HYPE stakers to jointly protect the network,” mentioned a post by HyperLiquid Foundation on X.
The post likewise motivated users to think about various metrics when picking validators, such as uptime, commission rates, track record, and neighborhood contributions.
The HYPE token, which debuted on Nov. 29 at $3.50, has actually experienced exceptional development, rising over 890% to reach an all-time high of $34.96.
Presently trading at $26.90, the token is down 2.5% in the last 24 hours, with a market capitalization of $9 billion.
This appraisal has actually moved HYPE into the leading 20 biggest tokens by market cap, going beyond Uniswap, Litecoin, and PEPE.
HyperLiquid has actually likewise revealed a Delegation Program focused on strengthening decentralization by incentivizing high-performing validators.
This effort comes together with remarkable community development, with HyperLiquid’ s trading volume reaching $4 billion in the last 24 hours, according to X3 Research’ s Dune control panel.
In addition, DefiLlama information reveals the platform is producing day-to-day income surpassing $1 million.
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