Hyperliquid announces the establishment of a foundation and will launch the HYPE token next

BlockBeats news, October 14, official news, Hyperliquid announced the establishment of Hyper Foundation, aimed at supporting the development of Hyperliquid blockchain and ecosystem.

Officials said that today's flagship application on Hyperliquid is a premier decentralized trading platform and one of the foundations of the new financial system. Hyperliquid's order book already provides the deepest and most powerful on-chain liquidity for a variety of assets.

With the launch of HyperEVM, any application built on Hyperliquid will also be able to access this deep liquidity and other native financial primitives. Finance will be efficient, liquid and accessible for the first time.

The next step in Hyperliquid's journey is the native token HYPE. Native tokens are critical to the further development of HyperBFT proof-of-stake consensus, HyperEVM, and the roadmap. As part of the genesis distribution, eligible users can opt-in to receive HYPE and an optional Hypurr NFT commemorating the upcoming launch of the HyperEVM on mainnet.