HYPE Token BasicsNative token for the Hyperliquid decentralized exchange ecosystem.HYPE powers a platform built for perpetual futures trading. It runs on a custom Layer-1 blockchain designed for quick transactions. The setup aims to blend centralized exchange speed with decentralized control.
Core Token FunctionsHandles staking, governance voting, and network gas fees.Holders stake HYPE to help secure the network. They vote on improvement proposals that cover upgrades and new markets. The token also covers transaction costs on the HyperEVM layer.
Launch and DistributionStarted with airdrop to early platform users in 2024.Initial tokens went to active users through an airdrop with no early investor unlocks. Further allocations support community rewards and contributors. This approach spread ownership from the start.
