Ripple’s XRP is the top-most trending altcoin Hyperliquid at present, with round 20% worth rise and barely less than $2 market worth. Hyperliquid calls the HYPE token airdrop the “Genesis Event” as the token is launched with this airdrop. As per the official airdrop announcement from Hyperliquid, 31% out of the 1 billion HYPE tokens are distributed in the genesis occasion.

 

Ton Users Brace For Billion-dollar Airdrop Deluge As Concerns Mount Over Community Stability

 

Notably, HYPE has not held any funding rounds, with its first token unlocking event scheduled for November 2025. Please refer to our Risk Disclosure Statement and Terms & Conditions in order to have a better understanding over the dangers concerned earlier than you begin trading. This web site is utilizing a safety service to guard itself from online assaults. There are several actions that would set off this block together with submitting a certain word or phrase, a SQL command or malformed knowledge.

 

My Top Cryptocurrency To Purchase In 2025

 

HYPE is used for staking to secure the network and as a fuel token on HyperEVM, a layer appropriate with Ethereum. The token was distributed through a six-month-long group airdrop program, ending in May, the place customers earned eligibility by accumulating reward points, every point translated to five HYPE tokens. Despite its success, dYdX is more conservative on its strategy, providing a most of 20x leverage on selected cryptocurrencies. Its low fees (0.02% and zero.05%, respectively), advanced buying and selling options but easy UI are the protocol’s major appeal.

 

Trade To Earn Factors

 

So, $HYPE is the network’s native utility coin, and can be staked to validate transactions and mine, or used as a fuel token for Hyperliquid’s Ethereum Virtual Machine compatible layer, HyperEVM. As of this writing, the two market leaders commerce for $95,699 and $3,617 respectively. Hyperliquid’s $HYPE token has rallied to an all-time excessive (ATH) of $9.87 just days after executing the seventh largest airdrop in crypto historical past.

 

Recipients of the HYPE airdrop have shared their success stories on platform X, with some expressing shock on the token’s worth. Hyperliquid has carved out its own niche within the perpetuals buying and selling ecosystem, daring to take extra dangers the place others would stay conservative. At this level, all you should do is input the unique community (in this case, Ethereum) and the vacation spot (Arbitrum), choose the token (USDC), and hit verify – the button is discovered proper below. Once your funds arrive at your Arbitrum wallet (it will be the exact same wallet handle, simply on Arbitrum), you’ll find a way to connect to Hyperliquid (as proven above) and begin using the platform. Let’s assume that you have funds (USDC) on Ethereum and you wish to trade on Hyperliquid.