Hyperliquid Announces Formation Of Hyper Foundation To Boost Blockchain Ecosystem

According to BlockBeats, on October 14, Hyperliquid announced the establishment of the Hyper Foundation, aimed at supporting the development of the Hyperliquid blockchain and its ecosystem. The official statement highlighted that Hyperliquid's flagship application is a leading decentralized trading platform, considered a cornerstone of the new financial system. The platform's order book has provided the deepest and most robust on-chain liquidity for various assets. With the launch of HyperEVM, any application built on Hyperliquid will be able to access this deep liquidity and other native financial primitives, making finance efficient, liquid, and accessible for the first time. The next step in Hyperliquid's journey is the introduction of its native token, HYPE. This token is crucial for the HyperBFT proof-of-stake consensus, HyperEVM, and further development of the roadmap. As part of the genesis distribution, eligible users can opt to receive HYPE and an optional Hypurr NFT to commemorate the upcoming launch of HyperEVM on the mainnet.