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Discover the Best Crypto Presales of 2024 – Hidden Gems with Massive Potential
Investing in cryptocurrencies during presales has proven highly profitable for many early adopters.
For example, those who bought Bitcoin in its early days and sold during its peak at over $73K saw returns exceeding 110,000,000%.
Similarly, PEPE rewarded some investors with over $12 million from initial investments of less than $1000 within weeks of its launch.
If you’re seeking the next big hidden gem with 50X+ potential that’s still in presale, several promising options fit the criteria.
Let’s check them out in more detail…
8 Best Crypto Presales to Buy Now – Quick Overview
Time is money, and reading through long analysis takes time, so we’ve prepared a quick overview with the most important features of these promising presales:
8 Hidden Presale Gems with 100X Potential – Detailed Analysis
With the basics out of the window, let’s see what these hidden gems have to offer in more detail:
PlayDoge ($PLAY) – Overall the Best Crypto Presale of 2024
PlayDoge is an innovative, Doge-inspired meme coin project that has already raised nearly $4 million in its first two weeks of presale.
This project merges the nostalgic charm of 90s Tamagotchi games with modern play-to-earn (P2E) mechanics, allowing players to earn $PLAY tokens, valuable NFTs, and high staking rewards through various activities and challenges.
The game is designed for optimal use on mobile devices, making it accessible to all users, even beginners. Players can earn $PLAY tokens by completing tasks, which can be traded within the ecosystem for upgrades and other benefits.
The presale is ongoing, with token prices increasing as the project gains momentum. PlayDoge is set to become one of the hottest presales in June 2024, offering significant benefits to early adopters as the user base grows and the value of $PLAY tokens rises.
The project promises regular updates, new features, and expanding content to enhance both gaming and earning opportunities.
JOIN PLAYDOGE TODAY AND EARN WHILE YOU PLAY!
Wiener AI ($WAI) – AI-Based Trading Bot Packed in a Funny Meme Coin Narrative
At first glance, WienerAI might seem like just another meme coin with a catchy social media strategy. But dig a little deeper, and you’ll find there’s more to this project than just a funny name and quirky branding.
The real power of WienerAI lies in its advanced AI-driven trading bot. This isn’t your run-of-the-mill chatbot; it’s a sophisticated tool designed to give traders, from beginners to seasoned pros, a serious leg up in the volatile crypto market.
Here’s how it works: You ask the bot a question about trading opportunities, and it goes to work scanning the market.
The bot analyses trends, historical data, and market sentiment to pinpoint the most promising trades. This means even if you’re new to crypto trading, you can make informed decisions without getting lost in the jargon or overwhelmed by the market’s complexity.
But why wrap all this tech in a meme coin package? It’s a smart move, actually. Meme coins have a knack for grabbing attention and going viral.
By tapping into this trend, WienerAI is making its advanced trading tools accessible and appealing to a broader audience.
The crypto community has caught on to this blend of fun and function.
In just a few weeks, WienerAI’s presale has already raked in over $5.3 million. Right now, you can snag $WAI tokens for $0.000717 each.
But here’s the kicker: that price is set to increase as the presale moves through its stages, which typically happens weekly. So, if you’re thinking about jumping in, sooner might be better than later.
By making it easier for everyone to trade smarter, not just the tech-savvy or the deep-pocketed, WienerAI could be paving the way for a more inclusive crypto future.
And if it can deliver on its promises, those early investments could grow significantly as more people discover what’s under the hood of this playful pup.
INVEST IN WIENER AI NOW AND TRADE SMARTER!
Sealana ($SEAL) – Funny Meme Coin Presale Built on Solana
Sealana ($SEAL) is a fresh meme coin on the Solana blockchain, launched in May 2024. It features a humorous narrative centred around a chubby seal involved in “degen” memecoin culture.
This unique project has already raised over $3 million, capturing significant attention. Sealana embraces the playful spirit of meme coins while leveraging Solana’s fast and scalable blockchain technology.
This project taps into the growing trend of themed cryptocurrencies, which often see rapid price increases post-presale. The initial success and growing community suggest that Sealana could follow the success paths of Dogecoin and Shiba Inu.
By combining humour, community engagement, and the robust Solana infrastructure, Sealana aims to attract a wide range of investors looking for both fun and potential gains. As interest continues to grow, $SEAL could become a notable player in the meme coin space.
GET INVOLVED WITH SEALANA AND RIDE THE NEXT BIG MEME COIN WAVE!
Base Dawgz ($DAWGZ) – This Might Become the Best Multi-Chain Presale Project on Base
Base Dawgz offers a unique multi-chain crypto experience, integrating Ethereum, Solana, Binance Smart Chain, and Avalanche.
Utilizing advanced technologies like Wormhole and Portal Bridge, Base Dawgz ensures seamless interoperability, allowing users to navigate effortlessly between these networks. This broadens the reach and increases transaction opportunities for the native $DAWGZ token.
To boost engagement, Base Dawgz has launched the “Be Social for Airdrop” campaign. Participants who create and share content on X (formerly Twitter) earn points that convert into $DAWGZ tokens after the presale.
Incredibly, the presale raised over $220,000 in its first 24 hours.
By combining multi-chain functionality with a viral airdrop strategy, Base Dawgz promotes Web3 mobility across major blockchains and offers token acquisition opportunities through active social engagement.
The presale is in its early stages, making it an ideal time to invest and potentially enjoy high returns when the project launches on major exchanges later this year.
BECOME A PART OF BASE DAWGZ AND EXPERIENCE MULTI-CHAIN SUCCESS!
Mega Dice ($DICE) – GameFi Platform Built on SOL
Mega Dice is transforming online gaming by integrating decentralized finance, creating a blockchain-powered platform for $DICE tokens.
This innovative approach ensures transparency and fairness, using smart contracts to validate each gaming experience. Early investors in the presale gain exclusive access to a variety of games and betting opportunities.
Mega Dice also shares a portion of its daily profits with token holders, providing an extra incentive for engagement. The project aims to build a sustainable and ethical gaming environment, with plans to expand across various gaming domains.
The ongoing presale has already raised over $1.6 million, reflecting strong interest in new GameFi platforms within the crypto community.
Mega Dice envisions evolving into a comprehensive gaming ecosystem with global impact, making this presale appealing for investors seeking both entertainment and profit potential.
BUY INTO MEGA DICE AND EARN WHILE YOU GAME!
99 Bitcoins ($99BTC) – Innovative Learn-to-Earn Presale Project
In the world of crypto, staying informed is half the battle. That’s where 99Bitcoins comes in with their new Learn-to-Earn platform.
It’s a simple idea with big potential: learn about crypto and blockchain, and earn $99BTC tokens for your efforts.
What’s cool about this setup is that it caters to everyone, from total newbies who don’t know a Bitcoin from a Litecoin, to seasoned traders looking to fill in the gaps in their knowledge.
The platform dishes out content in bite-sized pieces, mixing in quizzes to keep you on your toes. It’s not just about reading articles; it’s about really getting the concepts to stick.
Now, you might be thinking, “Why bother with another token?” Well, $99BTC isn’t just a pat on the back.
These tokens have real value within the 99Bitcoins ecosystem. Think of them as your ticket to exclusive content, early access to new courses, or even discounts on premium materials down the line. It’s a way to turn your learning into a long-term investment in your crypto journey.
The driving force behind all this is the 99Bitcoins community, and let me tell you, it’s not small.
We’re talking about over 2 million members spread across Twitter, YouTube, and other platforms. That’s a lot of folks hungry for knowledge, and 99Bitcoins is serving it up on a silver platter.
They’re not just throwing this out there and hoping for the best, either. 99Bitcoins is kickstarting the project with a presale, giving early birds a chance to swoop in and grab some perks.
So far, they’ve raised over $2 million. That’s a strong signal that people are buying into this learn-and-earn model.
In a market that can sometimes feel like the Wild West, 99Bitcoins is trying to be the trusty guidebook.
By tying education to tangible rewards, they’re not just informing users; they’re turning them into active, knowledgeable participants in the crypto space.
LEARN AND EARN WITH 99BITCOINS – JOIN NOW!
Sponge V2 ($SPONGEV2) – The Next Evolution of the $SPONGE Meme Coin
SpongeV2 builds on the success of its predecessor, $SPONGE, which saw its market cap soar over $100 million in 2023.
This latest version aims to captivate the crypto community by increasing the total supply to 150 billion tokens and introducing a play-to-earn racing game where players can earn $SPONGE tokens.
To further enhance the project’s visibility and value, the development team has set ambitious goals, including potential listings on major exchanges like Binance and OKX.
Achieving these listings could significantly boost the token’s profile, mirroring the success of other meme coins that have surged post-listing.
Currently, acquiring SpongeV2 requires investors to stake and permanently lock their V1 tokens.
This mechanism not only secures investment but also stabilises the token supply. The increased total supply ensures ample opportunity for new and existing investors to participate, promoting broader adoption and growth.
The introduction of the play-to-earn racing game is a strategic move to attract a wider audience, providing both entertainment and financial incentives.
Players can earn $SPONGE tokens by participating in various in-game activities, enhancing their gaming experience while contributing to the token’s ecosystem.
Stay updated on the latest developments by following the SpongeV2 community on social media and participating in the ongoing discussions.
Engaging with the community will provide insights into future plans, potential partnerships, and additional features that could further enhance the value of SpongeV2.
UPGRADE TO SPONGE V2 AND MAXIMIZE YOUR EARNINGS!
eTukTuk ($TUK) – Eco-Friendly Crypto Project Tackles the Air Pollution Problem in Developing Countries
Imagine a world where the streets of bustling cities in Asia and Africa aren’t filled with the putt-putt of gas-guzzling tuk-tuks, but instead, the quiet hum of electric motors.
That’s the vision behind e-TukTuk, a green crypto project that’s not just jumping on the eco-bandwagon but actually trying to make a dent in global carbon emissions.
Now, you might be thinking, “What’s a tuk-tuk?” Think of it as a three-wheeled taxi that’s as much a part of the urban landscape in many parts of Asia and Africa as yellow cabs are in New York. There are a whopping 270 million of these little vehicles zipping around, which is great for getting around but not so great for air quality.
That’s where e-TukTuk comes in. They’re not just swapping out engines; they’re building a whole ecosystem powered by their native cryptocurrency, $TUK.
The plan is to roll out a fleet of electric tuk-tuks, set up solar-powered charging stations (because what good is an electric vehicle if you’re charging it with coal power?), and even optimise routes to make the whole system as efficient as possible.
Speaking of investing, the $TUK presale has been turning heads. They’ve already raised over $3.4 million, which in the world of green token presales in 2024, is nothing to sneeze at.
Right now, you can grab $TUK tokens for $0.033 each. It’s like getting in on Tesla when they were still working out of Elon’s garage.
The beauty of e-TukTuk is that it’s tackling a real, tangible problem. We’re not talking about some vague promise of ‘changing the world.’
We’re talking about cleaner air in places where people are breathing in exhaust fumes daily. It’s the kind of project that makes you feel good about your investment, not just because it might make you money, but because you’re backing something that could genuinely improve lives.
So, if you’re looking to dip your toes into the crypto world but want something with a bit more substance than the latest meme coin, e-TukTuk might be your ride.
It’s an opportunity to be part of a green revolution, one tuk-tuk at a time. And who knows? Maybe one day you’ll visit Bangkok or Mumbai and see the fruits of your investment cruising down the street, quietly and cleanly.
JOIN E-TUKTUK AND DRIVE THE GREEN REVOLUTION!
Conclusion
Investing in crypto presales offers substantial opportunities for early adopters, as shown by the successes of Bitcoin and PEPE.
In 2024, several promising projects are in their presale stages, including PlayDoge, Wiener AI, Sealana, and Base Dawgz.
These projects combine innovative features with strong growth potential, making them appealing options for investors.
By buying in now, you can benefit from significant returns as these projects develop and gain traction.
Stay informed and engaged with these presales to maximise your investment potential.
FAQ
What are the benefits of investing in crypto presales?
Investing in crypto presales can offer significant returns, as early investors often acquire tokens at a lower price before they are available on major exchanges.
This early entry can lead to substantial gains as the project gains popularity and the token’s value increases. Additionally, presales often come with exclusive bonuses and incentives.
How can I evaluate the potential of a crypto presale project?
To evaluate a crypto presale project’s potential, look at the development team’s experience, the project’s goals, the technology or unique value propositions, the community’s activity, and the tokenomics structure.
Researching these factors can help identify promising projects with high growth potential.
News
Pepe Investors Seek New Rewards From Rival Token Mpeppe (MPEPE) at $0.0007
As the cryptocurrency market continues to expand, investors are constantly looking for new opportunities to maximize their returns. Pepe (PEPE), a meme coin inspired by the iconic Internet character Pepe the Frog, has been a staple in the meme coin arena. However, recent developments have shifted some investors’ attention to a promising new competitor: MPEPE (MPEPE). Currently trading at $0.0007, Mpeppe is attracting significant interest from those looking to diversify and capitalize on the next big thing.
Pepe’s appeal (PEPE)
Pepecoin (PEPE) has carved out a significant niche for itself in the cryptocurrency market, largely due to its vibrant community and roots in internet meme culture. Drawing inspiration from the popular meme character Pepe the Frog, Pepe (PEPE) has captured the attention of cryptocurrency enthusiasts and meme enthusiasts alike. This fusion of humor and community spirit has been instrumental in its rise within the cryptocurrency space.
The continued success of Pepecoin (PEPE) can be attributed to its active and dedicated community. Holders of the coin are known for their enthusiastic promotion on social media platforms, which helps maintain its visibility and popularity. This strong community support has been instrumental in sustaining Pepe (PEPE)’s momentum and driving its market performance. Recent whale activity, such as a massive transfer of 9 trillion PEPE tokens valued at $82 million to Bybit, further highlights the coin’s potential for significant price movements driven by large-scale transactions.
Mpeppe (MPEPE): the rising star
Mpeppe (MPEPE) differentiates itself by merging the realms of sports and cryptocurrency. Drawing inspiration from soccer sensation Kylian Mbappé and leveraging the legacy of the Pepe (PEPE) meme coin, Mpeppe offers a unique appeal that resonates with both sports fans and cryptocurrency investors. This innovative fusion is attracting a diverse and engaged audience, fostering a vibrant community around the token.
A large ecosystem
Differentiating itself from typical meme coins, Mpeppe (MPEPE) features a robust ecosystem that includes gaming and sports betting platforms, NFT collectibles, and social interaction features. These utilities provide real value to users, creating multiple channels for engagement and investment. This comprehensive approach positions Mpeppe as more than just a meme coin, offering a richer and more engaging experience for its users.
Investment Potential of Mpeppe (MPEPE)
Strategic Tokenomics
Mpeppe (MPEPE) has been strategically priced at $0.0007, making it accessible to a wide range of investors. Tokenomics is designed to support long-term growth, with allocations for presales, liquidity, and sports activities. This strategic distribution ensures stability and promotes community engagement, positioning Mpeppe for substantial growth.
Analysts’ optimism
Market analysts are optimistic about the potential of Mpeppe (MPEPE). The coin’s innovative approach, strong community, and strategic partnerships are expected to drive significant price increases. Early investors stand to benefit from substantial returns as Mpeppe gains traction in the market. Analysts note that Mpeppe’s combination of utility and community engagement positions it well for future growth, especially as the cryptocurrency market continues to evolve.
The impact of similar competing businesses
Driving Innovation
Competition between similar assets such as Pepe (PEPE) and Mpeppe (MPEPE) is a catalyst for innovation. Each project strives to outdo the other, resulting in continuous improvements and new features. This dynamic competition benefits investors, offering them better and more advanced products.
Market diversification
Having multiple competing assets in the market promotes diversification. Investors have more options to choose from, which can help spread risk and potentially increase returns. The presence of strong contenders like Pepe (PEPE) and Mpeppe (MPEPE) ensures a vibrant and resilient crypto ecosystem.
Increased market interest
Competition between similar assets also generates increased market interest. As projects compete for attention, they attract more investors and media coverage, leading to increased visibility and adoption. This increased interest can drive further investment and growth in the sector.
The Future of Mpeppe (MPEPE)
Strategic development
Mpeppe (MPEPE) has a clear and ambitious roadmap for the future. Development plans include expanding its gaming and sports betting platforms, launching new NFT collections, and forming strategic partnerships. These initiatives are designed to improve user experience and drive market growth.
Community Growth
The success of Mpeppe (MPEPE) will largely depend on its ability to build and sustain a strong community. By focusing on engagement and providing valuable utility, Mpeppe aims to foster a loyal and active user base. This community-driven approach is expected to play a significant role in its long-term success.
Conclusion: A New Horizon for Meme Coin Investors
In conclusion, while Pepe (PEPE) has established itself as a significant player in the meme coin market, Mpeppe (MPEPE) offers a fresh and innovative approach that is capturing the interest of investors. With its strategic pricing, comprehensive ecosystem, and potential for high returns, Mpeppe (MPEPE) represents an exciting opportunity for those looking to diversify their cryptocurrency portfolios. As always, investors should stay informed and consider multiple factors before making investment decisions. Embrace the potential of Mpeppe (MPEPE) and join the journey to new rewards in the cryptocurrency world.
For more information on the pre-sale of Mpeppe (MPEPE):
Visit Mpeppe (MPEPE)
Join and become a member of the community:
Italian: https://t.me/mpeppecoin
Italian: https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
News
Golem Project Joins ETH Staking Frenzy, Locks Up 40,000 Tokens
- The Golem project has moved over $124 million in ETH for staking.
- Ethereum staking frenzy has increased ahead of the launch of spot ETH ETFs in the US.
Ethereal [ETH]The Project Golem-based distributed computing marketplace has joined the ETH staking frenzy.
On July 11, contrary to its recent sell-off, the company reportedly staked 40K ETH worth over $124.6 million, according to Lookonchain data.
Golem Network has confirmed its Ethereum staking initiative and said its purpose was to “create space” to help participants contribute to the network.
“The Golem Ecosystem Fund is officially launched today! We have staked 40,000 ETH from Golem’s treasury. This will create a space where developers, researchers, and entrepreneurs can bring their ideas to life and contribute to the Golem Network and its ecosystem!”
Ethereum Staking Frenzy
The staking frenzy has infected Ethereum, with just days to go until the potential launch of a spot ETH ETF in the United States. Recently, an unmarked address blocked over 6K ETH.
The Golem project’s decision to lock up 40K ETH on July 11th pushed the total ETH locked up to Chain of lights at an all-time high of 47.5 million ETH, worth over $140 billion based on market prices at press time.
Beacon Chain is Ethereum’s system that manages the validation of new blocks.
According to a recent AMBCrypto relationshipIncreased ETH staking ahead of the debut of the ETH spot ETF in the US has underscored bullish sentiment.
More ETH has been moved from exchanges, further strengthening bullish expectations.
Meanwhile, from a short-term perspective, many addresses were losing at the $3.2K and $3.5K levels. Investors could try to take a profit if they break even.
These prices represent key levels to watch in the short term.
Next: Why Bitcoin Must Surpass $61K Soon, According to Analysts
News
BlockDAG Thrives While Chainlink and FTM Tokens Decline
As the cryptocurrency space turns bearish, giants like Chainlink and Fantom are facing setbacks with declining trends for LINK and FTM. Amid these changes, BlockDAG emerges as a prime target due to its promising pre-sales and long-term prospects. This Layer-1 project boasts an innovative Low Code No Code ecosystem, attracting investors with potential ROIs exceeding 30,000x. The pre-sales momentum has already accumulated over $57.6 million, driven by growing investor enthusiasm.
Impact of Chainlink’s Recent Token Release
Chainlink’s recent move to release 21 million LINK tokens, worth approximately $295 million, from its dormant supply contracts has significant market implications. This release sent 18.25 million LINK to Binance, fueling speculation that the price will drop. LINK is currently trading at $13.64, approaching its critical support at $13.5, with the potential to drop to $10 if this level breaks.
These releases, increasing the circulating supply above 600 million LINK, have previously maintained price stability, but the prevailing bearish conditions could alter this trend. With 391.5 million LINK pending release, market caution persists.
Fantom (FTM) Market Position Dynamics
Fantom experienced a strong buying spree last November, but its valuation has been challenging lately. After peaking near $1.20 in March, subsequent resistance and profit-taking pushed its price lower. FTM recently dipped below the crucial $0.600 mark but found some ground around $0.500. Fantom is currently valued at $0.559 with a market cap of $1.67 billion and daily trading volume of $257.56 million.
The Fantom Foundation’s decision to award over 55,000 FTMs quarterly to major dApps on the Opera network has invigorated user participation. Indicators such as RSI and MACD suggest a possible bounce if it surpasses the $0.600 mark. Failure to break above the 200-day EMA could prolong the bearish outlook.
BlockDAG Pre-Sale Triumph and Innovative Platform
BlockDAG’s pioneering low-code/no-code platform enables the seamless creation of utility tokens, meme tokens, and NFTs, catering to a broad user base. Its intuitive templates allow enthusiasts to quickly launch and customize projects, thereby democratizing blockchain development and accelerating market entry.
The cutting-edge features of this platform have attracted cryptocurrency investors, significantly increasing the interest in the presale. BlockDAG has successfully raised over $57.6 million, witnessing a 1300% escalation in the coin’s value from $0.001 to $0.014 in its 19th batch. This impressive rise underscores the immense return potential of BlockDAG for early backers.
Additionally, BlockDAG’s commitment to expanding its ecosystem extends to supporting the development of decentralized apps. This fosters a wide range of new projects in the blockchain domain, from digital art platforms to tokenized assets, enriching the blockchain ecosystem.
Key observations
While Chainlink and Fantom are currently navigating bearish trends due to token releases and resistance hurdles, BlockDAG’s innovative low-code/no-code framework positions it as an attractive investment option. With a presale raise of over $57.6 million and prices skyrocketing 1300% in recent batches, BlockDAG shows tremendous potential for returns of up to 30,000x. Amidst the market volatility impacting Chainlink Tokens and Fantom, BlockDAG stands out as a promising avenue for cryptocurrency traders.
Sign up for BlockDAG Pre-Sale now:
Website: https://blockdag.network
Pre-sale: https://acquisto.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: Italian: https://discord.gg/Q7BxghMVyu
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of any material in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your own research and invest at your own risk.
News
a new era for DEX tokens
The DEX aggregator Anger Trading is about to issue its RAGE token on the new Layer 1 blockchain Hyperliquid. The token sale is scheduled for August 7, with 20 million tokens out of a total supply of 100 million available on Fjord Foundry at a fixed price of $0.30.
Additionally, the “Rage Quit” feature has been introduced, which allows private investors to get their allocation early by accepting a 60% cut.
RAGE will be among the first tokens to be launched on Hyperliquidmarking a significant moment for this new blockchain. Let’s see all the details below.
DEX News Rage Trade: New RAGE Token Arrives on Hyperliquid
As expected, decentralized exchange (DEX) aggregator Rage Trade has announced the issuance of its new token ANGER. The launch is happening through a liquidity generation event and token sale on Fjord Foundry, scheduled for August 7th.
The token will be launched on the newly launched layer 1 blockchain Hyperliquidwhich has rapidly gained popularity due to its decentralized perpetual exchange.
Rage Trade currently aggregates platforms such as GMX, Synthetix, Dydx, Aevo and Hyperliquid, allowing traders to manage their positions across multiple blockchains and earn incentives.
During the event, 20 million RAGE tokens will be sold at a fixed price of $0.30, while another nine million will be used to inject liquidity into Hyperliquid.
Additionally, six million tokens have been reserved for future market making and product development incentives.
The token will have a total supply of 100 million, with 20% earmarked for sale and 30% for community treasury. The latter is subject to a 12-month lock-up period and a 24-month linear release.
The “Rage Quit” feature introduces a deflationary mechanismThis allows private investors and recipients of the air launch to receive their assignment after an initial three-month stalemate, accepting a 60% cut.
Rage Trade has chosen Hyperliquid as the platform for its token after the network became the preferred choice of users of the Anger Aggregatorwith over 1,300 users generating $445 million in volume.
Hyperliquid surpasses dYdX in TVL
Hyperliquid, the exchange decentralized based on Referee, recently introduced a new points program, which has catalyzed significant growth in total value locked (TVL) on the platform.
According to data from DefiLlama, Hyperliquid has reached a TVL of $530 million, surpassing dYdX’s $484 million and reaching a new all-time high.
This figure places Hyperliquid in second place among derivatives platforms, just behind GMX, which maintains a TVL of $542 million.
Rounding out the top five platforms by TVL are Solana-based Jupiter with $415 million and Drift with $365 million. Hyperliquid had a stellar year in 2024, jumping from eighth to second place in just six weeks.
This rapid increase was largely attributed to the new Hyperliquid points program, which launched on May 29.
The points program provides for the distribution of 700,000 points weekly for four months. With an additional 2 million points awarded for activity between May 1 and May 28.
Despite community criticism over the decision to extend the incentive program and delay the token launch and airdrop, the platform has continued to attract numerous traders.
From Perpetual DEX to Layer 1
Steven, founding member of Capital Yuntwhich has backed some of the largest cryptocurrency firms, including Zerion, noted that Hyperliquid has distributed approximately 51 million points in four periods.
He further stressed that the project aims to reward its early adopters and move from simply being a perpetual DEX to a true Layer 1:
“The team is clearly making an effort to communicate that Hyperliquid is an L1 and not just a DEX for derivatives.”
Furthermore, he highlighted that the token holders PURSUE were significantly rewarded, with a 23% increase in the token’s value.
PURR was the first spot token launched on Hyperliquid and looks set to continue receiving attention and incentives from the platform.
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