Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community.
Source [ https://cointelegraph.com/news/hyperliquid-hype-token-surges-after-billion-dollar-airdrop ]
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Amount Distributed: 310 million HYPE tokens, representing 31% of the total supply of 1 billion HYPE tokens.
Eligibility: The airdrop was distributed to users who had earned points through their engagement with the Hyperliquid protocol prior to the genesis event. This included active traders on both spot and perpetual markets.
The HYPE token serves as both the staking asset for Hyperliquid’s proof-of-stake consensus mechanism and as the gas token for its Ethereum Virtual Machine-compatible layer, HyperEVM. The protocol is designed to handle up to 200,000 transactions per second.
