HYPE price prediction – Can this token really replicate UNI’s historic rally? – BitRss

• Hyperliquid is expected to onboard many more users
• Greater demand could see HYPE replicate or even eclipse UNI’s run from $3.4 to $42 last cycle

Hyperliquid [HYPE] is one of the largest airdrops seen in crypto history. The Decentralized Finance (DeFi) protocol token was valued at $3.9 initially. On 29 November, it distributed 310 million HYPE tokens to its community.

This meant that $1.2 billion was distributed to its community. HYPE was distributed through a six-month program that ended in May, one where users accumulated reward points to earn eligibility for the airdrop.

The HYPE token is central to the Hyperliquid ecosystem. A layer-1 Proof of Stake (POS) blockchain, Hyperliquid is designed to process over 200,000 transactions per second (TPS).

The HYPE…