Hyperlane, what should you pay attention to in the latest project listed by Binance?👀

1️⃣ What is Hyperlane?

Hyperlane is a multi-chain connectivity protocol that allows blockchains to transmit data to each other ⚡️

▶️Diverse connectivity capabilities

Currently, Hyperlane supports over 170 blockchains, including many popular platforms such as:

- EVM (Ethereum Virtual Machine)

- SVM (Solana Virtual Machine)

- Cosmos (supports CosmWasm and Cosmos SDK)

- Starknet (Cairo)

- ZKsync (Era)

2️⃣ Information about $HYPER

The native token of Hyperlane has 2 main forms including:

- HYPER Token ($HYPER): The native token of the Hyperlane ecosystem

- Staked HYPER (stHYPER): A flexible staking token representing HYPER that has been staked

- Total supply: 802,666,667 $HYPER

- Maximum supply: 1,000,000,000 $HYPER

- Inflation rate: 800,000 HYPER + 1%/year

- Initial circulating supply: 175,200,000 HYPER

- Contract:

Ethereum:0x93A2Db22B7c736B341C32Ff666307F4a9ED910F5

- BSC: 0xC9d23ED2ADB0f551369946BD377f8644cE1ca5c4

3️⃣ Evaluation

- Inflation rate: The amount of inflation tokens is ~20% of the total supply. This is a large number if you only intend to hold $HYPER in the long term

- Staking mechanism: Stake HYPER to receive stHYPER, if holding stHYPER from the beginning you can receive 1.6 times the rewards. This mechanism can support the price in the short term, however, when large Stakers receive rewards it may create significant selling pressure on the Orderbook affecting the price

Conclusion: If you intend to invest in $HYPER, pay attention to the reward payout time for Stakers. In the short term, the 1.6 times reward payout may be attractive, making many users want to stake. However, there will come a time when this 1.6 times ratio becomes a double-edged sword putting pressure on the price of $HYPER .