HyperLiquid Releases Native Staking as HYPE Token Extends Its Rally

HyperLiquid Releases Native Staking as HYPE Token Extends Its RallyStakers will secure the network and accrue rewards.By Oliver Knight|Edited by Sheldon Reback Dec 30, 2024, 10:36 a.m. UTC Layer-1 blockchain HyperLiquid, known for its decentralized derivatives exchange, opened up native staking for holders of its HYPE token, according to a Monday post on X.Stakers can select which validator to stake tokens with and will accrue rewards in return for securing the network. At launch, HyperLiquid staked 300 million tokens ($8.4 million), and another 7 million tokens were added by users in the first hour. The tokens are staked across 16 validators.Powered By 00:00/12:451064.2K 7Malta's Early Innovation in Crypto Regulation .stlp0{fill:#FF3E5F;} .st1{fill:#fffffe;} .st2{fill:#FF3E5F;}Share.clsx-1{isolation:isolate;}.clsx-2{fill:#ff3e5f;}.clsx-3{fill:#fff;}NextStay5Locked tokens bound by a vesting schedule can be staked, but rewards that accrue will remain locked.Introduction of staking comes one month after the HYPE token was issued. It debuted at $3.57 and has since risen to $27.89, CoinMarketCap shows.HYPE now has a market cap of $9.2 billion, pushing it into the top 20 largest tokens after overtaking bitcoin cash (BCH), pepe (PEPE) and litecoin (LTC).The exchange has racked up $2.64 billion in trading volume over the past 24 hours, with DefiLlama reporting that it is making more than $1 million per day in revenue. https://www.coindesk.com/business/2024/12/30/hyper-liquid-releases-native-staking-as-hype-token-extends-its-rally #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple