Hyperliquid, the Layer 1 blockchain and DEX, gears up for its Genesis Event, introducing the highly awaited HYPE token.
Users face hurdles confirming eligibility for the HYPE airdrop, citing communication gaps and restrictive policies as key issues.
On November 12, Hyperliquid extended the claim window by 24 hours to address feedback but drew criticism for unclear guidelines.
TVL: Hyperliquid surpasses $1B, ranking 10th in DeFi. Valuation: Pre-market trading pegs HYPE at a $3.8B market cap, rivaling major DeFi launches.
PURR, Hyperliquid’s flagship spot token, grew 65% in 30 days, hitting a $137M market cap—showcasing strong ecosystem confidence.
The Genesis Event highlights the need for clearer communication, regional compliance, and trust-building in scaling DeFi platforms.
HYPE’s launch is pivotal for DeFi, signaling both opportunities and challenges as the space evolves.