According to data from ASXN, $344 million in HYPE tokens have been staked, representing a total value of over $9 billion as of Dec. 30.
Decentralized finance (DeFi) protocol Hyperliquid has launched native staking on its mainnet, allowing holders to receive rewards for securing the network.
According to a Dec. 30 announcement, users can pick validators to stake tokens based on different metrics, such as uptime, commission, reputation, and community contributions. The featured debuted with 16 validators.
The Hyperliquid protocol offers decentralized trading for crypto assets. According to DefiLlama, it has amassed over $12 billion in trading volume in December, generating more than $8.6 million in cumulative revenue.
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