Ethereum (ETH) News: Hyperliquid's HYPE TGE and DeFi Innovations
Hyperliquid Celebrates HYPE Token Launch
Hyperliquid celebrated a significant milestone on Friday with the launch of its HYPE token, marking the culmination of its highly anticipated token generation event (TGE). As the native token of Hyperliquid’s Layer 1 blockchain, HYPE saw an explosive debut, surging 125% within hours of going live.
Hyperliquid TGE Sparks Community Reaction
The TGE, announced in a Friday post on X (formerly Twitter), allocated 31% of the total HYPE supply as part of its initial distribution. Users noted that this was a game-changer in the DeFi space, reflecting the growing interest in Ethereum-based projects.
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