Hyperliquid DEX has announced the launch of its HYPE token, which is projected to achieve a $3 billion valuation. Remarkably, the project is proceeding without venture capital backing.
In a generous move, 31% of the total 310 million tokens have been allocated for a community airdrop, contributing to an overall estimated value of nearly $1 billion. This strategic approach aims to strengthen community involvement and ensure a fair distribution of tokens.
October saw Hyperliquid DEX achieve a daily trading volume of $1.39 billion, outpacing competitors like Jupiter and SynFutures, highlighting the platform’s recent growth and market impact. The anticipated token launch is scheduled for Friday at 2:30 AM ET, featuring direct trading pairs with USDC, aligning with its focus on increasing accessibility for users.
