Hyperliquid (HYPE) Eyes Native Token Issuance With Latest Upgrade Plan

Hyperliquid (HYPE) has proposed HIP-6, a significant upgrade that would enable permissionless, on-chain token launches through continuous clearing auctions adapted from Uniswap's model. The proposal aims to address current gaps in capital formation and price discovery for new token launches on the platform.

• →HIP-6 introduces a permissionless token launch auction system for new HIP-1 assets on Hyperliquid.
• →The system adapts Uniswap's continuous clearing auction model to work within Hyperliquid's central limit order book environment.
• →Current token launches on Hyperliquid require off-chain funding and manual liquidity provision, creating operational friction.
• →The continuous auction structure aims to prevent sniping and last-minute bidding behavior common in traditional token launches.
• →HYPE token is currently trading at $27.430, down 3% in the past 24 hours.