The perpetual futures DEX has set up a foundation and will announce the details of an airdrop next month.
The Hyper Foundation has been established to support the growth of the Hyperliquid blockchain. It is preparing to conduct the genesis distribution of its native token HYPE.
The new token is the first step toward proof-of-stake consensus and the launch of an Ethereum virtual machine (EVM) on the layer-1 blockchain’s mainnet.
Hyper’s flagship product is the Hyperliquid decentralized order book-based perpetual trading platform, which is the world’s largest by volume at over $1 billion in daily trading in 145 pairs. It has over 200,000 users.
