Hyperliquid gears up for the debut of HYPE token and EVM implementation on mainnet

The Hyper Foundation has been created to support the development of the Hyperliquid blockchain and is gearing up to launch the genesis distribution of its native token HYPE.
This new token marks the first stage in transitioning to a proof-of-stake consensus and introducing an Ethereum virtual machine (EVM) on the layer-1 blockchain’s mainnet.
A roadmap outlining various services
Hyper’s main offering is the Hyperliquid decentralized order book-based perpetual trading platform, which boasts the world’s largest trading volume of over $1 billion daily in 145 pairs and has amassed a user base of over 200,000.
The introduction of the HyperEVM will provide users with access to a more extensive liquidity pool and additional tools. The foundation revealed the roadmap includes spot trading and permissionless liquidity, among other features. The first perpetual trade to launch on Hyperliquid was LayerZero’s ZRO in September 2023.


Source:
Hyper Foundation
Merging centralized convenience with DeFi trustlessness
Hyperliquid offers trades with instant finality and began supporting builder codes in September to enable developers to monetize applications.


Source:
Rhadamant Memes
Jeff Yan, the founder of Chameleon Trading, established Hyperliquid. He shared with the Flirting with Models podcast in May 2023:
Participants have until November 11 to register for the genesis distribution. The airdrop date will be announced on November 29. Users also have the option to acquire a Hypurr non-fungible token (NFT) with no commercial value to commemorate the launch of the HyperEVM on mainnet.
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