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The Defiant 2024-12-30 22:48:05

Hyperliquid Opens Staking with HYPE Token in Top 25 by Market Cap

The Hyper Foundation announced today that staking of its native HYPE token is now live on its mainnet. “Staking is an important milestone for Hyperliquid because it allows the diverse community of HYPE stakers to collectively secure the network,” the foundation said in an X post on Dec. 30. As on most proof of stake networks, validators propose new blocks on Hyperliquid in proportion to the amount of HYPE staked to them. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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