Why I'm Bullish On Hyperliquid ($HYPE)

Jan 15, 2025

I've been diving deep into one project that's really caught my eye - Hyperliquid.
Let me share why I think this could be a game-changer.

The Mastermind Behind Hyperliquid: Jeff Yan

First off, let's talk about the man who started it all, Jeff Yan. He isn't the average crypto dev. He's a Harvard grad with a background in Computer Science and Math. But what really stands out is his journey from high-frequency trading on Wall Street to diving headfirst into crypto. After witnessing the FTX collapse, Jeff saw the need for a decentralized yet user-friendly trading platform, leading to the birth of Hyperliquid. What's more, Jeff is constantly engaging with the community, taking feedback to heart to continuously improve Hyperliquid.

Hyperliquid's Unique Selling Points

Hyperliquid stands out because it combines the ease of using a centralized exchange with the security and transparency of decentralized finance. It's built on its own Layer 1 blockchain, offering features like gasless trades and an on-chain order book, making it a "decentralized Binance" in many eyes. In 2024, Hyperliquid redefined the crypto meta by prioritizing community over everything else. There are no investors, no market makers, and no fees paid to any company, leading to billions in value going directly to users, creating a passionate community with real stakes in the platform's success.

The Legendary Airdrop

Hyperliquid made a name for itself by airdropping 31% of its HYPE token supply, one of the biggest airdrops in history. This event distributed tokens to an extensive user base without allocating any to Venture Capitalists or insiders, thereby truly embracing the spirit of decentralization. This approach not only boosted community engagement but also created attention, with the airdrop directly rewarding the community by distributing 100% of those tokens to users.
On average, each user received tokens equivalent to around $28,500 at the peak price of HYPE!

What's on the Horizon for Hyperliquid?

Looking ahead, Hyperliquid has some exciting developments planned:

They're introducing HyperEVM to support Ethereum's Virtual Machine on their mainnet, which could attract more developers and users.
They're pushing for greater decentralization by expanding their validator network, enhancing security and resilience.
New protocols like HIP-1 and HIP-2 will expand token utility, solving common DeFi issues from the get-go.

The community remains at the core of Hyperliquid's strategy, with ongoing engagement through governance, staking, and potentially more airdrops.

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