HyperLiquid, known for its layer-one decentralized derivatives exchange, has opened native staking to holders of its HYPE token, according to… Monday post on X.
Stakers can choose which validator to share the tokens with and will receive rewards for securing the network. At launch, HyperLiquid staked 300 million tokens ($8.4 billion), and users added another 7 million tokens in the first hour. Codes are stored across 16 validators.
Tokens restricted to the vesting table can be locked, but the accumulated rewards will remain locked.
The introduction of staking comes one month after the release of the HYPE token. It debuted at $3.57 and has since risen to $27.89. CoinMarketCap appears.
HYPE’s market cap now stands at $9.2 billion, pushing it into the top 20 tokens after surpassing Bitcoin Cash (BCH), PEPE, and Litecoin (LTC).
The exchange achieved a trading volume of $2.64 billion over the past 24 hours, with DefiLlama Preparing reports They generate revenues of over $1 million per day.
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