The crypto landscape sees a new addition as HYPER, the utility token for the interoperability network Hyperlane, prepares for its debut on the prominent Binance exchange. This listing follows a targeted Token Generation Event (TGE) conducted via Binance Wallet.
According to an official communication dated April 21, Binance confirmed it will list the HYPER token on April 22, 2025, at 13:00 UTC. Trading opportunities will be available against USDT, USDC, BNB, FDUSD, and TRY. The token will leverage both the Binance Smart Chain and Ethereum networks for accessibility.
Before open trading commences, an exclusive TGE campaign is scheduled through Binance Wallet. This event aims to raise $600,000 by offering 20 million HYPER tokens at $0.03 each. The subscription window for this TGE runs from 09:00 AM to 11:00 AM UTC on April 22, 2025.
Subsequently, HYPER will gain visibility on Binance Alpha, the exchange’s platform dedicated to nascent crypto projects, starting at 11:10 UTC. Alongside the listing, Binance is executing a substantial airdrop, distributing 20 million HYPER tokens.
This airdrop targets eligible BNB holders who participated in Simple Earn or On-Chain Yields programs between April 14 and April 17, 2025. The announcement specifies that these airdropped tokens will be deposited directly into users’ Spot Accounts approximately one hour before trading goes live.
Regarding its tokenomics, HYPER launches with a genesis supply of 802.67 million tokens, scalable to a maximum of 1 billion. Upon its Binance listing, an estimated 175.2 million tokens (around 21.8% of the initial supply) will become part of the circulating supply.
The token distribution designates 57% for the community, fully unlocked upon release. The remaining 43% is allocated to the core team, investors, and the foundation, subject to a 12-month vesting schedule.
Beyond Binance, other notable exchanges including MEXC, KuCoin, ByBit, and Gate.io have also signaled their intention to support HYPER trading.
Understanding Hyperlane
Launched in 2022, Hyperlane functions as an interoperability protocol designed to bridge communication gaps between disparate blockchains. Its core mission is to empower decentralized applications (dApps) with the ability to seamlessly send and receive messages across different chains, prioritizing efficiency, security, and ease of use for developers.
The HYPER token underpins the network’s operations. It serves as the medium for paying messaging fees, rewarding participants who secure and maintain the protocol, and facilitating community-led governance decisions regarding future protocol upgrades and configurations.
Hyperlane secured significant backing in 2022, closing an $18.5 million seed funding round. Variant led the investment, with notable contributions from Galaxy Ventures, CoinFund, Circle Ventures, and Kraken Ventures, among others.