What is HYPE?

Hyperliquid (HYPE)

Hyperliquid is a Layer 1 blockchain built for fully on-chain high-speed trading, with an Orderbook system on the entire chain, making it transparent, verifiable, and performing close to Centralized Exchange. While retaining its user-owned DeFi identity, HYPE is a network token, used for fees, governance, staking and a key driving mechanism. The entire Hyperliquid ecosystem

‍Blockchain nativo

Hyperliquid uses a dedicated Layer 1 blockchain to support high-speed trading through the system. HyperCoreFully On-Chain Orderbook and HyperEVMEVM-enabled Smart Contracts make trading fast, transparent, and truly DeFi.

‍Protokola Konsensus

HyperBFTIt is a Byzantine Fault Tolerant Proof-of-Stake that provides high speed and instant finality, helping to handle large volumes of trades stably and securely.

‍Founder/Date founded

Founded by Jeff Yanand Alias Co-Founders “iliensinc”It began to develop during 2022—2023 and concretely launched the platform in 2023BEFORE THE LAUNCH OF THE HYPE TOKEN IN THE MONTH November 2024.

‍Objective/Use case

Hyperliquid's objective is to build a blockchain trading infrastructure that delivers the same performance as Centralized Exchange but maintains transparency, security, and DeFi self-holding of assets using a fast, stable, and verifiable Fully On-Chain Orderbook system. At the same time, Hyperliquid also supports DApp creation via HyperEVM, allowing for use cases in the cloud. Other DeFi aspects such as token issuance, financial protocol creation, and further on-chain product development. The HYPE segment serves as the primary token, is used for fees, network governance, Staking, and as a trigger mechanism. Growth of the entire ecosystem

‍Total supply/Limit or Unlimited

The total amount of Hyperliquid (HYPE) is 1 billion HYPE

‍Supply Deflation

HYPE has a limited number of about 1 billion tokens and is characterized by leaning towards it. DeflaciónBy burning some fees and Staking that reduces the number of tokens in circulation, Supply shrank relative to Demand in the system.

‍Referenzen

https://www.coingecko.com/en/coins/hyperliquid

https://hyperfoundation.org/

https://coinmarketcap.com/cmc-ai/hyperliquid/what-is/