As of December eleven, 2024, the current hyperliquid trade market capitalization for HYPE is $4.5B, which can change based on several elements, including the token value, daily volume, and more. At its launch, the HYPE token value was already $3.90, making the airdrop worth more than $1 billion. However, just 12 hours after the launch, the token worth surged to $6.16. At TGE the vendor is to offer the tokens/points bought to get their collateral again. If the sellers don’t settle earlier than the deadline, their collateral goes to the customer as compensation. Through this mechanism, Whales Market (fully or partially) collateralises the trade and mitigates the delivery threat.
What Is An Nft Airdrop And The Way Does It Work?
For “Vault Depositors”, they obtain a share of the vault’s earnings and/or losses. For instance, a depositor with a hundred USDC deposited in a a thousand USDC vault has a 10% share. The protocol units the default margin to cross-margin to allow the utilization of collateral throughout a quantity of cross-margin positions. All the margin checks happen when a new order is opened, in addition to when they’re matched. This allows the margining system to be consistent, no matter oracle worth fluctuations.
Whales Market
There are even common safety audits to additional harden the platform towards potential vulnerabilities, proactively. In the case of $JUP, the most popular asset, pre-tokens had been 1,000 occasions smaller than post-TGE markets. This stark distinction highlights how even with the continuous growth of pre-token trading, the potential inefficiencies of an illiquid market shouldn’t go unnoticed.
HyperLiquid Perpetual DEX is a decentralized derivatives change (Perp DEX) offering an interface and expertise similar to centralized exchanges. Asset prices are decided by community validators rather than exterior Oracles, enhancing transparency however potentially causing short-term price discrepancies. The reply is that nearly all exchanges usually are not optimized for the tip consumer.
Because of the challenges with oracle-based options, AMMs, and RFQ, Hyperliquid chose to be an order e-book. Order books let liquidity providers control their risk and are the only examined and sustainable resolution at scale that leads to tighter spreads and greater capital efficiency. Hyperliquid’s Token Generation Event (TGE) and airdrop happened in November 2024.
