Just Believe the HYPE: Hyperliquid’s Airdrop

One of the greatest perp DEXes in the game has announced an airdrop to celebrate the arrival of its native token: Hyperliquid. 

The airdrop for the HYPE token will support the launch of Hyperliquid’s HyperEVM Mainnet, which will introduce better scalability and advanced smart contract features to the L1.

Today is the last day to sign up for the airdrop, so read this to find out exactly what makes Hyperliquid special and how to sign up for what should be a successful airdrop!

Hyperliquid, a truly efficient platform with a vision

Hyperliquid is its own L1 running on the HyperBFT consensus algorithm, entirely written by the Hyper Foundation team.

In fact, Hyperliquid was entirely funded by its team from the ground up. They’ve taken no financing from VCs, therefore giving them full control over their decentralized vision for their product and where they want to take it in the future.

HyperBFT is a powerful algorithm that executes up to 100k orders/second and boasts better latency. This comes with other several advantages:

  • Low trading fees,
  • Sub-second transaction times,
  • A fully on-chain and transparent order book,
  • One-click trading for easy and streamlined operations,

And more!

Its high performance and ease of us makes Hyperliquid a great choice for anyone wishing to get into trading perpetuals.

The HYPE airdrop

The Hyper Foundation has not given an official date for the HYPE Genesis airdrop yet: after signups close today at 23:59 UTC, the date will be revealed on November 29.

Certain users eligible for the airdrop will be able to claim a special commemorative of Hyperliquid’s mascot Hypurr to celebrate the airdrop and the new token.

In case you haven’t signed up for the airdrop yet, follow the steps below. It’s easy:

  1. Go to https://hyperfoundation.org/genesis,
  2. Connect your wallet,
  3. The website will show you whether you’re eligible or not.
  4. If you are, agree to the rules, and sign up!

That’s it, you’re set for what should be a massive airdrop. With a TVL of $955,66M, it’s the second biggest perps DEX in DeFi, only beaten by Jupiter.

If you missed the sign-up period or turned out to be ineligible for the airdrop, consider using Hyperliquid anyway. It’s one of the most powerful apps in DeFi for a reason, and with the upcoming native token and the arrival of HyperEVM, the future is exciting! The sooner you start using Hyperliquid, the better off you’ll be for another airdrop.

No matter what your experience with Hyperliquid is, Octav is the only portfolio tracker that supports the tracking of Hyperliquid positions.

Keep track of your operations on the best perps DEX there is at https://pro.octav.fi/.

Why Octav?

With accurate labeling and analysis of your DeFi portfolio, Octav is a helpful tool for CFOs, asset managers, and accountants working in various organizations such as hedge funds, family offices or financial institutions. Thanks to our thorough and accurate database, Octav makes DeFi more accessible, serving as an essential guide for understanding cost basis, profits, losses, and more.

Sign up for Octav Pro today and gain significant advantages for the day-to-day management of your crypto activities: unify all wallets you work with under one bundle to save time and let automated reports send you updates on your organization’s finances without having to analyze it yourself. Monitor your holdings on our Treasury page, and be transparent by sharing it publicly with your DAO members or the rest of your team. Whether you’re the CFO of a business, an accounting professional or a DAO treasury leader, use Octav to make DeFi management a breeze!

Join the future of Web3 financial data management.