Hyperliquid, the decentralized blockchain platform built to enhance the performance and efficiency of Defi applications, recently introduced its much-anticipated native token HYPE. Processing over $200 million trading volume within hours, the new launch is creating a sensation in the crypto ecosystem.
If you are new to the Hyperliquid exchange and interested in learning more about their native token, continue reading the article.
What is Hyperliquid?

Hyperliquid is a decentralized exchange used in decentralized finance (DeFi) applications. With a novel layer 1 blockchain and its consensus mechanism, HyperBFT, the platform provides enhanced performance, robust security, and swift transactions. By integrating perpetual future trading into its platform, Hyperliquid eliminates the requirement of gas fees for transactions.
The rare feature of Hyperliquid, a solely on-chain order book that verifies all the transactions within the blockchain makes it different from other decentralized exchanges, providing transparency and security.
What does Hyperliquid’s airdrop mean?
Airdrop is a strategic approach to sending coins or tokens to blockchain community members for free or in return for any random service. The airdrop aims to enhance the circulation of the new coin in the crypto market.
HYPE, the native token of Hyperliquid launched on November 29, 2024, was airdropped to its community members. The decentralized platform dropped 310 million HYPE tokens, one of the largest records of airdrops so far. The value of a HYPE token was $3.90 during the launch and increased to $6.16, which is a drastic increase of 63%.
What did the airdrop offer to the users?
The average airdrop amount was 64.53 tokens. Around 39% of participants received 10 to 100 tokens, while 17.9% of users received only less than 10 tokens, making the percentage of people receiving 100 or below tokens 56.6%. Around 84% of users received less than 1000 tokens. The highest number of tokens received to a single address was 970,000, at a price of $9.80 for each token, which is $9.56 million in total.
How has the airdrop impacted the Hyperliquid ecosystem?
The huge airdrop increased the number of participants in the Hyperliquid ecosystem, precisely an increase of 10,000 users was seen within 2 days of the airdrop. Before the airdrop, the number of new users daily was around 150, not more than 500 at any cost. On the last day of November, the number of transactions was more than 3.44 million, which was more than 10 times before the airdrop.
However, the surreal increase in number of transactions has not impacted the trading volume much. The trading volume for November 29 and November 30 was $1.8 billion and 1.9 million respectively, showing no obvious growth.
The market capitalization of HYPE has crossed $3.3 billion, marking a 44th position among all crypto tokens. Apart from HYPE, the airdrop has boosted the popularity of many other tokens of the Hyperliquid ecosystem. Hyperliquid’s trading tokens, including HFUN, PURR, OMNIX, and JEFF, have enjoyed huge price rises.
Hyperliquid token price prediction
HYPE has an intriguing tokenomics structure. It has a circulating supply of 333,928,180 and a total supply of 999,990,391. With the maximum supply capped at 1 billion, HYPE fosters a chance of scarcity and thus an increase in demand.
The growing interest and limited supply can fuel HYPE’s price structure. Keep an eye on the changing tokenomic structures to make informed decisions.
Hyperliquid price prediction for 2024
The price of the Hyperliquid token, HYPE is likely to increase in the coming years. But it’s still a long way from reaching an all-time high. It is anticipated that the price will trend higher by the end of 2024. By December end, the average price will be 15.47 dollars.
Month | Min price | Avg price | Max price | Potential ROI |
December | $ 0.081417 | $ 0.154765 | $ 0.26994 | 242.57% |
Hyperliquid price prediction for 2025
The price forecast for 2025 is highly positive. It can reach up to $22.34 in 2025. The price can vary from $18.60 to $22.34 throughout the year. The price will be steady at around $21.35 in December 2025.
Month | Min price | Avg price | Max price | Potential ROI |
January | $ 0.245942 | $ 0.314201 | $ 0.374327 | 366.06% |
February | $ 0.198057 | $ 0.23538 | $ 0.27387 | 240.98% |
March | $ 0.274045 | $ 0.286883 | $ 0.319072 | 300.12% |
April | $ 0.21772 | $ 0.261312 | $ 0.288633 | 261.95% |
May | $ 0.175338 | $ 0.201811 | $ 0.22467 | 181.75% |
June | $ 0.189401 | $ 0.205928 | $ 0.221497 | 168.49% |
July | $ 0.136778 | $ 0.155682 | $ 0.195131 | 137.90% |
August | $ 0.145192 | $ 0.157721 | $ 0.172325 | 110.09% |
September | $ 0.145982 | $ 0.157995 | $ 0.193375 | 135.76% |
October | $ 0.191317 | $ 0.208365 | $ 0.220539 | 168.87% |
November | $ 0.192833 | $ 0.204277 | $ 0.217506 | 165.17% |
December | $ 0.200894 | $ 0.208557 | $ 0.212275 | 150.80% |
Final Thoughts
The popularity associated with the token airdrop shows significant potential for the growth of Hyperliquid in the coming years. The increase in demand and the limited supply can create a scarcity in the market leading to an increase in price. The swift transaction, supporting around 100 orders per second demonstrates the project’s power to offer a smooth transaction environment, which can create a drive in the market interest. However changing tokenomics, regulatory framework, and the advancing technologies can affect the growth momentum.