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WOO X Research: What other opportunities are there to participate in the Hyperliquid ecosystem, in addition to the largest Airdrop in 2024?
Background: Hyperliquid becomes the ruler of Perp Dex
On November 29th, the decentralized derivative exchange Hyperliquid conducted an Airdrop of $HYPE Tokens. I originally thought it was just about earning points through wash trading and exchanging them for Token Airdrop. But it turned out to be different from before.
After the launch of Token Hype, it pumped from $2 to $12 within a week, a whopping 6 times increase. The current market capitalization has reached $4 billion, with a FDV of $12 billion, close to one-tenth of Solana.
In terms of Airdrop, according to the Hype dashboard created by ASXN, each user can receive an average of 2881 $HYPE Tokens, which is valued at $12 per token. On average, each person receives an Airdrop worth over $34,000.
In terms of product, even after the Token has been distributed and the Airdrop activity has ended, the TVL has reached 1.6 billion US dollars, and it is still the leading decentralized derivatives exchange, with volume continuing to climb and reaching a new high of 8 billion US dollars in a single day!
Let's take a look at what Hyperliquid has done to achieve a win-win situation for Airdrop, coin price, and product, and which potential currencies are worth exploring in the ecosystem, with WOO X Research.
Why can Hyperliquid break out of the encirclement?
In the crypto world, Perp Dex is no longer a new narrative. From the initial DYDX to the later GMX, which uses Vault as a counterparty, they were all surpassed by Hyperliquid. What did Hyperliquid do to stand out?
Another reason for the $HYPE pump is that it cannot be bought on other exchanges and can only be traded on Hyperliquid, hence it is also jokingly referred to as "stand alone coin".
And according to the Hyperliquid dashboard produced by ASXN, the current demand for buying $HYPE Token far exceeds selling. From the following chart, it can be seen that there are still many users purchasing HYPE through the TWAP (Time Weighted Average Price) method, with a total purchase of up to $5.6 million, while only $1.25 million has been sold.
In addition to $HYPE big pump, which ecological coins in Hyperliquid are worth our follow?
Related concept Token find Alpha
How to choose the currencies closely related to Hyperliquid in the vast sea of coins? We can refer to the currencies in Spot -> Strict, including $HYPE, there are only a total of 11 currencies, all of which are related to Hyperliquid.
The following are the selected currency introductions by WOO X Research:
PURR
Purr's image is a cute cat, the official mascot of Htperliquid, and also an officially certified meme token. It can be regarded as a leveraged version of $HYPE Token, and each transaction will destroy Purr, currently about 0.33% of the total amount has been destroyed.
HFun
Hypurr.fun is a Telegram trading bot that allows direct trading of Hyperliquid-related Tokens, as well as features such as coin sniping and Token deployment. Among them, 30% of Token HFun is allocated to $PURR holder, 30% is allocated to the creator of the Token, and 40% is used for Liquidity.
Recently, they also launched their own AI Agent - Schizo, positioned for use in issuing coins.
Jeff
Meme Coin, the concept was created by Jeff, the founder of Hyperliquid, but it was not created by me personally, but was established by community members autonomously.
Reference: @JHyperliquid