Hyperliquid prepares for HYPE token launch, EVM rollout on mainnet
The Hyper Foundation, established to support the growth of the Hyperliquid blockchain, is preparing to conduct the genesis distribution of its native token HYPE.
The new token is a first step toward proof-of-stake consensus and the launch of an Ethereum Virtual Machine (EVM) on the layer-1 blockchain’s mainnet.
A roadmap leading to many services
Hyper’s flagship product is the Hyperliquid decentralized order book-based perpetual trading platform, which is the world’s biggest by volume at over $1 billion in daily trading in 145 pairs. It has more than 200,000 users.
The launch of the HyperEVM will grant users access to a deeper liquidity pool and additional instruments. The foundation said on X:
That roadmap includes spot trading and permissionless liquidity, among other things. LayerZero’s ZRO was the first perpetual trade to launch on Hyperliquid in September 2023. 
Combining centralized convenience with DeFi trustlessness
Hyperliquid offers trades with “instant finality in began supporting builder codes in September to allow developers to monetize applications.
Hyperliquid was founded by Jeff Yan, who ran Chameleon Trading. He told the Flirting with Models podcast in May 2023:
Participants have until Nov. 11 to sign up for the first distribution. The date for the airdrop will be disclosed on Nov. 29. User can also optionally obtain a Hypurr non-fungible token (NFT) with no commercial value to commemorate the launch of the HyperEVM on mainnet.