Hyperliquid, the high-performance Layer-1 blockchain for decentralized perpetuals and spot trading, continues to dominate DeFi headlines with a series of ecosystem boosts. Hypurr NFT distribution, speculation around the Assistance Fund, and major product updates.
These moves are driving HYPE token activity, with 24-hour trading volume exceeding $84 billion and HYPE up ~5% to around $47. Hyperliquid’s Hyper Foundation distributed 4,600 unique Hypurr NFTs on the HyperEVM mainnet, rewarding early adopters from the November 2024 Genesis Event.
These cat-themed collectibles, designed as “mementos” capturing community quirks, were auto-minted—no action required from recipients. The collection exploded on OpenSea, topping NFT rankings ahead of icons like CryptoPunks and Bored Ape Yacht Club.
24-hour volume hit ~952,000 HYPE ~$45 million, with 3,985 holders (86% of supply). One rare NFT #21, with “Knight Ghost Armor” traits sold for 9,999 HYPE (~$467,000). Started at ~800 HYPE (~$36,000) but quickly climbed to 1,350–1,463 HYPE, valuing the collection at over $280 million total.
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At current HYPE prices ~$47, that’s ~$60,000–$68,900 per NFT. Community buzz highlights potential utilities like ecosystem airdrops from projects like Unit, Kinetiq, slim supply, and ~$20 billion in remaining HYPE distributions fueling long-term value.
This drop has reignited NFT hype, contrasting everyday economic struggles and underscoring crypto’s wealth creation potential. Assistance Fund 2.0 and Hyperevm MMemecoins suggest an upgraded Assistance Fund (AF) could pivot toward acquiring HyperEVM memecoins, amplifying ecosystem liquidity.
The original AF, Hyperliquid’s buyback mechanism, has already scooped up $1.2 billion in HYPE 5.62% of circulating supply since inception, yielding 140% returns via 97% of protocol fees funneled into permanent, deflationary repurchases projected >$1.5B annualized.
HyperEVM’s EVM-compatible layer enables seamless memecoin launches via LiquidLaunch, akin to Pump.fun, tying into HyperCore’s CEX-level liquidity for perps and spot. A “2.0” version could extend buys beyond HYPE to volatile HyperEVM tokens, stabilizing nascent projects and boosting TVL already $5B+.
This aligns with Hyperliquid’s vision of a unified chain for finance, including tokenized RWAs and memecoins. If realized, this could flood HyperEVM with capital, rivaling Solana’s meme ecosystem while leveraging Hyperliquid’s 73% DeFi perps dominance.
Hyperliquid’s S2 points system has reset, signaling the start of a new rewards era post-Season 1’s 1M weekly points ended May 2025. This unconfirmed but widely discussed move aims to recapture volume from rivals like Aster, which recently flipped Tether in daily fees.
Points reward trading activity perps/spot, referrals 1:4 affiliate matching , and HyperEVM interactions via DeFiApp, HyperLend. Weekly distributions based on Wednesday UTC snapshots; criteria evolve. S2 emphasizes HyperEVM dApps, potentially tying into $HYPE airdrops.
Stake HYPE/kHYPE + open 1x perps shorts on MEXC/Hyperliquid for yields without directional risk. Use HypurrFi, HyperLend, or vaults TVL $500M+ for compounded points; tools like Bloom Bot automate sniping could wipe out competitor volumes as “farmers and wash traders return.” Early farmers report ranks like 12K with just 1K volume—underfarmed potential.
This reset positions Hyperliquid for explosive growth, especially with $15B open interest and CEX-like memecoin liquidity. Hyperliquid activated permissionless spot quote assets, allowing any eligible stable/deployed token to anchor new trading pairs without gatekeepers. This unlocks dynamic DeFi via Dutch auctions, independent of HIP-1 token launches.
Stables stake HYPE to enable “quote” status per on-chain rules. First pair in HIP-1 deploys freely; extras via permissionless Dutch auctions for fair pricing. Native Markets’ USDH Hyperliquid’s native stable is the first, with HYPE/USDH live. Backed by institutional reserves via BlackRock BUIDL, it directs 95% revenue to buybacks/AF/validators.
HYPE trades at ~$47 up 5%, with futures volume at $1.8B and OI at $2.28B. Resistance at $50; support at $44. These updates solidify Hyperliquid’s edge—watch for memecoin pumps and S2 farming rushes.