Hyperliquid rolls out native staking on mainnet
Hyperliquid has launched native staking on its mainnet, enabling token holders to earn rewards by selecting validators based on metrics like uptime and reputation. The protocol features 16 validators and has achieved over $12 billion in trading volume in December, generating more than $8.6 million in revenue. Users have staked $344 million worth of HYPE tokens. Following a token airdrop of 310 million HYPE tokens, the price surged from nearly $3.90 to around $26.80. Hyperliquid allocated 38.8% of its remaining supply for future emissions and community rewards. December saw decentralized exchanges reach a record trading volume of $462 billion, driven by regulatory optimism in the US. However, the IRS has stated that staking rewards are taxable upon receipt and classified front-end protocols as brokers, requiring transaction disclosures.
