HyperLiquid Introduces Native Staking for HYPE Token Holders

Layer-1 blockchain HyperLiquid, known for its decentralized derivatives exchange, has launched native staking for HYPE token holders, as announced in a Monday post on X.

Staking Details

Stakers can choose validators to stake their tokens with, earning rewards for securing the network. At the launch, HyperLiquid staked 300 million tokens, valued at $8.4 billion, with an additional 7 million tokens staked by users within the first hour across 16 validators.

Locked tokens under a vesting schedule are eligible for staking; however, accrued rewards will remain locked.

Token Performance

The introduction of staking follows the HYPE token’s issuance just a month ago. Initially launched at $3.57, the token’s value has soared to $27.89 according to CoinMarketCap.

HYPE now boasts a market capitalization of $9.2 billion, placing it among the top 20 largest tokens, having surpassed Bitcoin Cash (BCH), Pepe (PEPE), and Litecoin (LTC).

Exchange Performance

In the past 24 hours, the exchange has achieved $2.64 billion in trading volume and is reportedly generating over $1 million per day in revenue, as reported by DefiLlama.