The Hyper Foundation has revealed that users of Hyperliquid will receive a native token called HYPE, aimed at preparing for the main net launch of HyperEVM. This token is set to become the core utility token within the proof-of-stake consensus mechanism of HyperBFT and HyperEVM.
The introduction of the HYPE token marks a significant milestone for Hyperliquid as it gears up for further development achievements. These developments are part of a broader plan to enhance the functionalities of Hyperliquid's ecosystem.
The HYPE token will contribute to the growth and development of Hyperliquid, facilitating transactions and other utility-based functions within the platform. As the main net launch approaches, the token is expected to play a critical role in the upcoming HyperEVM system.
