According to a December 31 post on X by Hyperliquid, a decentralized finance (DeFi) platform, introduced the native staking feature on its mainnet.
This new feature lets investors support the network by staking HYPE, Hyperliquid’s token, and earning rewards in return, typically in additional tokens. According to data from ASXN, $344 million worth of HYPE tokens have already been staked.
With the launch of Hyperliquid’s native staking, users can choose from 16 validators, each rated on factors like reliability, commission fees, and community contributions.
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Hyperliquid distributed 310 million HYPE tokens—31% of the total supply—through an airdrop in November. Since then, the token’s value has increased from $3.90 on November 29 to $26.80 at the time of writing.
The platform has set aside 38.8% of the remaining tokens for future rewards, 6% for the treasury, 0.3% for grants, and 23.8% for core contributors under a one-year lock period.
Furthermore, December was a record-breaking month for Hyperliquid. The platform saw over $12 billion in trades and generated $8.6 million in revenue during the month, with trading volume hitting $462 billion.
Meanwhile, Babylon Labs and Lombard Protocol recently introduced liquid Bitcoin (LBTC) staking on the Sui
$4.22
blockchain. What’s special about this staking option? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
