cryptojournalist
Hyperliquid, a DeFi project, made headlines on Nov. 29 with a massive airdrop of 310 million HYPE tokens. Starting at $3.90, the token’s price jumped 63% in just 12 hours, reaching $6.16.
What Makes Hyperliquid Unique?
Hyperliquid runs on a super-fast proof-of-stake blockchain, handling 200,000 transactions per second.* Its HYPE token powers everything, working as both a staking asset and a fee token for its Ethereum-compatible HyperEVM layer.
How the Tokens Are Split
Here’s how the HYPE supply is allocated:
31%: Airdropped to the community.
38.8%: Reserved for future rewards.
23.8%: Goes to core contributors (locked for a year, fully distributed by 2028).
6%: Allocated to the Hyper Foundation.
0.3%: Used for grants.
Unlike many projects, Hyperliquid excluded private investors and exchanges from its distribution.
Airdrop Highlights in Crypto History
This ranks among the biggest airdrops ever, similar to Uniswap’s 2020 launch (worth $1,300 per recipient) and Arbitrum’s 2023 event (valued at $812,500). Airdrops, often free, are a way to reward early users or promote new projects.
