Hype or a new standard? What Hyperliquid’s airdrop—history’s most generous—teaches us
In late November 2024 the decentralised exchange (DEX) Hyperliquid carried out a genesis airdrop of its native token, HYPE. Roughly 31% of the total supply went to community participants, allocated in proportion to points earned at an early stage. The giveaway was the largest on record, worth about ~$10.8bn at the token’s peak. Since then […]