One of DeFi’s most anticipated airdrops is set to go live in a few hours. Hyperliquid, a decentralized exchange that operates on its own bespoke Layer 1 network, will launch its native HYPE token at 730am UTC (230am ET) on November 29. HYPE is trading at a pre-market valuation of $3 billion on Aevo . If the token were to launch at this price, the airdrop for early adopters would be valued at more than $1 billion, as 31% of the HYPE supply has been allocated to the Genesis event. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
