Hyperliquid

HYPE Launched 2024 source

What this page is: neutral, sourced facts about Hyperliquid. Every line links where it was checked. 8 facts, 5 from primary sources. Educational, not financial advice.

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Launch

The Hyper Foundation announced on Nov 28, 2024 that the HYPE genesis event would occur at 07:30 UTC on November 29, with 31.0% of the 1,000,000,000 max supply to the genesis distribution. primary source source

Founders and creators

The Hyper Foundation announced the HYPE genesis; the genesis distribution strictly excludes core contributors. primary source source

Origin story

Hyperliquid is a layer one blockchain (L1) written and optimized from first principles. primary source source

Stated purpose

On Hyperliquid, HyperCore includes fully onchain perpetual futures and spot order books. primary source source

Consensus mechanism

Hyperliquid is secured by HyperBFT, a delegated proof-of-stake (PoS) consensus mechanism. secondary source source

Supply model

HYPE is the native token of the Hyperliquid blockchain, with a maximum supply of 1 billion. primary source source

Main uses today

Hyperliquid is best known for perpetual futures and spot trading; the ecosystem also supports borrowing, lending, real world assets (RWAs), and an Ethereum Virtual Machine (EVM). secondary source source

Notable events and controversies

Mar 26, 2025: validators voted to delist JELLY perps after suspicious market activity; HLP vault had $13.5 million unrealized loss. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.