HyperLiquid releases a native stake for HYPE token holders

Key Takeaways

HyperLiquid launched a stake for its HYPE token, allowing holders to delegate tokens to validators.
HYPE's market cap has reached $9 billion, surpassing tokens like Uniswap and Litecoin.

HyperLiquid has introduced native staking for its HYPE token, allowing holders to delegate tokens to 16 validators and earn rewards while accessing the network.

At launch, the layer-1 DEX eternal futures traded over 300 million HYPE tokens, valued at $8.4 billion.

“Staking is an important milestone for HyperLiquid as it allows the diverse community of HYPE stakeholders to secure the network,” said post by HyperLiquid Foundation on X.

The post also encouraged users to consider different metrics when choosing testers, such as uptime, commission rates, reputation, and community contributions.

The HYPE token, which came out on November 29 at $3.50, has seen an incredible growth, surging 890% to reach a record high of $34.96.

Currently trading at $26.90, the token is down 2.5% in the last 24 hours, with a market capitalization of $9 billion.

This valuation has moved HYPE into the top 20 tokens by market cap, surpassing Uniswap, Litecoin, and PEPE.

HyperLiquid has also announced a Delegation Program that aims to strengthen decentralization by encouraging high-performing testers.

This initiative comes alongside significant growth in the ecosystem, with HyperLiquid's trading volume reaching $4 billion in the last 24 hours, according to X3 Research's Dune dashboard.

In addition, DefiLlama data shows that the platform generates a daily income of more than $1 million.