3 days ago
Layer-1 blockchain HyperLiquid, known for its decentralized derivatives exchange, opened up autochthonal staking for holders of its HYPE token, according to a Monday station connected X.
Stakers tin prime which validator to involvement tokens with and volition accrue rewards successful instrumentality for securing the network. At launch, HyperLiquid staked 300 cardinal tokens ($8.4 billion), and different 7 cardinal tokens were added by users successful the archetypal hour. The tokens are staked crossed 16 validators.
Locked tokens bound by a vesting docket tin beryllium staked, but rewards that accrue volition stay locked.
Introduction of staking comes 1 period aft the HYPE token was issued. It debuted astatine $3.57 and has since risen to $27.89, CoinMarketCap shows.
HYPE present has a marketplace headdress of $9.2 billion, pushing it into the apical 20 largest tokens aft overtaking bitcoin currency (BCH), pepe (PEPE) and litecoin (LTC).
The speech has racked up $2.64 cardinal successful trading measurement implicit the past 24 hours, with DefiLlama reporting that it is making much than $1 cardinal per time successful revenue.
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