TL;DR
If this is the first time hearing about Hyperliquid, you’re in for a surprise. As Hyperliquid market domination grows stronger by the minute you couldn’t have shown up at a better time. Moving into the top 25 cryptocurrency tokens this week, the HYPE token is turning out to be less of a name and more like a self-fulfilling prophecy. Releasing the HYPE token less than three weeks ago the market cap for HYPE has increased by more than 500% and I’m sure you’d like to know why. Diving into the Hyperliquid protocol we’ll be answering this question and many more. Bringing you right up to speed on all things Hyperliquid. Including how to easily grab yourself some HYPE tokens.
Hyperliquid has had an amazing month in what can be considered a prime example of how to conduct an Airdrop. Presented to all Wealth Mastery subscribers in last June’s weekly Free Airdrop Report. Hyperliquid announced that it would be conducting a 4-month campaign filled with rewards for Hyperliquid users. For those who recently participated in the Zeta Markets Airdrop, the Hyperliquid campaign felt extremely familiar. By depositing stablecoins and trading futures contracts on the protocol, users received 310 Million HYPE tokens, accounting for more than 31% of the Total Supply. With an additional 38% set aside for future rewards. This initial reward accounted for $465 Million in tokens distributed to users. Putting the Hyperliquid domino effect in motion.
Introduction to Hyperliquid
Initially designed by a few fellow Harvard classmates, the Hyerliquid Labs team started out working on proprietary market-making technology back in 2020 before moving into the Defi space during the summer of 2022. In doing this, Hyperliquid Labs was able to identify key issues that stopped them from achieving their initial goals. Mainly how far behind the decentralized experience was when compared to centralized institutions. It was during this time that the team concocted the idea and initial design elements of Hyperliquid.
Developing the Hyperliquid platform with feedback from the community has led us to where we are today. With Hyperliquid dominating the crypto marketplace from the moment its HYPE token was launched. The Hyperliquid project was deemed an instant success in the media. This has allowed Hyperliquid to acquire more than $1 Billion in USDC inflows during its first month in operation, 10% more than Solana has in the same amount of time.
That’s right! More USDC has gone into Hyperliquid than Solana over the past 30 days. As the Hyperliquid DEX exceeded more than $10 Billion in 24-hour trading volume recently. This is a platform you’ll want to start familiarizing yourself with sooner rather than later.
Hyperliquid DEX
Prioritizing high throughput and low latency the Hyperliquid platform doesn’t operate using the standard AMM outline. Instead, Hyperliquid incorporates a trading model seen being used in more traditional trading desks. Providing a more familiar experience for traditional traders with advanced order types and tighter spreads for all trading activity. Catering to professional traders seeking the functionality and responsiveness of established trading venues but delivered in a trustless on-chain environment. Hyperliquid has put strict limits on the number of tokens it…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
