According to a December 31 post on X by Hyperliquid, the decentralized finance (DeFi) platform has introduced a native staking feature on its mainnet.
This new feature lets investors support the network by staking HYPE, Hyperliquid's token, and earning rewards in return, typically in additional tokens. According to data from ASXN, $344 million worth of HYPE tokens have already been staked.
With the launch of Hyperliquid's native staking, users can choose from 16 validators, each rated on factors like reliability, commission fees, and community contributions.
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Hyperliquid distributed 310 million HYPE tokens—31% of the total supply—through an airdrop in November. Since then, the token’s value has increased from $3.90 on November 29 to $26.80 at the time of writing.
The platform has set aside 38.8% of the remaining tokens for future rewards, 6% for the treasury, 0.3% for grants, and 23.8% for core contributors under a one-year lock period.
Furthermore, December was a record-breaking month for Hyperliquid. The platform saw over $12 billion in trades and generated $8.6 million in revenue during the month, with trading volume hitting $462 billion.
Meanwhile, Babylon Labs and Lombard Protocol recently introduced liquid Bitcoin (LBTC) staking on the Sui
