Hyperliquid, a decentralized perpetuals exchange, is challenging the conventional wisdom that venture capital is essential for success in crypto. Instead, it claims it’s relying on its touted tech and community-first approach.
The DEX’s Hyper Foundation, which oversees development, announced Thursday its token generation event, slated for early Friday at 2:30 AM ET, alongside an airdrop.
Over the past year, Hyperliquid has expanded from an exchange into a “full financial system,” claiming its liquidity now “rivals” that of “top exchanges,” its foundation said Thursday on X, formerly Twitter.
In October, Hyperliquid surpassed Jupiter and SynFutures, clocking a record $1.39 billion in daily trading volume, DeFiLlama derivatives data shows.
“The HYPE genesis event marks a key milestone in the journey, unlocking core functionality at every level of the stack,” it said.
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Author: Vince Dioquino
