HyperLiquid, a layer-1 blockchain, has introduced native staking for its HYPE token. Stakers can choose from 16 validators to secure the network and earn rewards. At launch, HyperLiquid staked 300 million tokens ($8.4 billion), with users adding another 7 million tokens in the first hour. Locked tokens can be staked, but rewards remain locked. Since its debut at $3.57, HYPE has soared to $27.89, giving it a market cap of $9.2 billion. This rise has pushed HYPE into the top 20 largest tokens, surpassing bitcoin cash, pepe, and litecoin. The exchange has seen $2.64 billion in trading volume in the past 24 hours, generating over $1 million daily in revenue.
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