HYPE is Hyperliquid's native token, used to pay gas on its Layer 1, stake for validator security, and vote on protocol governance, with a portion of exchange fees flowing back to buy it from the market. That fee flywheel ties the token's demand directly to trading volume on the exchange it powers, which is different from a token whose only utility is speculation. These guides cover what actually backs HYPE's value beyond price action and how governance and staking work in practice. Where the token fits inside the wider Hyperliquid ecosystem is worth understanding, whether you end up holding it or simply trading it.
GuideHYPE is the native token of the Hyperliquid ecosystem, used for governance, staking that secures the HyperBFT proof-of-stake network, and fee and value accrual. Here is the honest explainer: what HYPE is, how staking works, its tokenomics, and the real risks.
GuideUnderstand the HYPE token ecosystem, governance processes, and how you can participate in the Hyperliquid L1 evolution.
GuideExplore the Hyperliquid L1 ecosystem beyond HYPE. Discover native tokens like PURR and JEFF, HIP token standards, builder codes, and third-party applications.
GuideA security-minded look at Hyperliquid: who holds your funds, the bridge and validator risks, what actually went wrong with JELLY, and how to trade without getting burned.
GuideWhat is Hyperliquid? A plain-English guide to the Hyperliquid exchange and DEX — an on-chain perpetuals and spot market on its own Layer 1 blockchain — plus the HYPE token and how to trade Hyperliquid non-custodially.
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