Tanju Akbıyık 
The HyperLiquid platform has taken an important step in terms of decentralisation and user participation by launching the HYPE coin staking feature on its main network. This innovation aims both for users to earn rewards and for the security of the network to be ensured by the community. The staking interface offers HYPE coin holders the opportunity to interact with validators and shape the future of the network.
An Unexpected Performance from HyperLiquid (HYPE)
HYPE coin has gained significant momentum since the coin production event on 29 November. The coin’s value has surged 640% to a peak of $34 and is currently trading at around $28. According to CoinGecko data, HYPE’s circulating supply is 333.9 million coins, which translates to a market capitalisation of $9.3 billion and a fully diluted valuation of $27.9 billion. This steady growth has strengthened HyperLiquid’s position in the decentralised derivatives market.
How Will HyperLiquid (HYPE) Staking Mechanism Be?
HYPE staking offers a system developed to secure the network and facilitate the operation of the network through validators. Users can earn rewards by delegating their coins to trusted validators. However, Hyper Foundation emphasises that important metrics such as uptime, commission rates and community contributions should be evaluated when delegating. This system not only increases rewards, but also reinforces the decentralised nature and resilience of the network.Validators will be Rewarded with the New Delegation Programme!
Hyper Foundation announced plans to launch a Delegation Programme to further improve network performance. This programme aims to reward high performing validators and support the sustainable growth of the ecosystem. Although the foundation has not yet announced the details of the programme, it stated that validators will be incentivised according to their contribution levels.
Locked HyperLiquid (HYPE) Staking Feature
Users can also stake their locked coins, but the rewards obtained from these coins cannot be used before the lock expires. Updates to the HyperLiquid platform show that over 320 million HYPE coins have been staked between validators so far. This demonstrates how the network is being adopted by users and how it is moving closer to its decentralisation goals.
A New Ecosystem HyperLiquid Ecosystem
According to DeFiLlama data, HyperLiquid has risen to fifth place among decentralised derivatives exchanges by total locked value. This ranking shows that the platform has reached a point where it can compete with leading players such as GMX, dYdX and Jupiter Perpetual Exchange. HyperLiquid’s rapid rise, combined with the market performance of the HYPE coin, strengthens the ecosystem.
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