Hyperliquid has launched native staking for its $HYPE token on its mainnet, allowing users to lock up their tokens and earn rewards. As of December 31, 2024, over $344 million in HYPE tokens have been staked, making it a prominent feature for the decentralized finance (DeFi) protocol. The staking initiative has contributed to a surge in HYPE's market capitalization, which now stands at approximately $9 billion, positioning it among the top 25 tokens in the market. Following the launch, HYPE's price has increased by 604% since November 29, 2024, and the staking mechanism is expected to enhance network security while reducing token supply. Hyperliquid's blockchain is capable of processing 20,000 operations per second, further supporting its staking capabilities.