HYPE Staking Program Details
Hyperliquid launched staking for its native token HYPE, enabling users to delegate tokens to validators and earn rewards. Over 320 million HYPE tokens have been staked, accounting for a significant portion of the circulating supply. Validators play a pivotal role in securing the network, with delegators encouraged to assess metrics like uptime and reputation when staking.Boosting Decentralization and Security
Hyperliquid announced plans for a Delegation Program, aiming to reward high-performing validators that contribute to ecosystem growth and decentralization. This initiative aligns with the network’s focus on long-term stability and scalability. Locked tokens are also eligible for staking, though their rewards are currently inaccessible.Market Performance and Ecosystem Growth
Since its launch on Nov. 29, HYPE has surged by 640%, reaching a $9.3 billion market cap and peaking at $34 before settling at $28. Hyperliquid now ranks as the fifth-largest decentralized derivatives exchange by total value locked, cementing its presence among top DeFi platforms like GMX and dYdX.
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