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Hyperliquid announced the HYPE token 

The Hyper Foundation announced the creation of a fund to support the development of the blockchain and the Hyperliquid ecosystem. The current flagship application on Hyperliquid is a leading decentralized exchange that is laying the foundation for a new financial system. Hyperliquid order books already provide the deepest and most resilient liquidity on the blockchain for a wide range of assets.
With the launch of HyperEVM, all applications built on Hyperliquid will also have access to this deep liquidity and other financial primitives of the network. For the first time, finance will become productive, liquid and accessible.

The next important step is the launch of the network’s own token called HYPE. This token is needed for the operation of the blockchain and its further development.