Farmcoin Market Cap Soars! Introduction to Hypurr Fun Platform: Is the Next Money-Making Craze Coming?

Last Saturday, after the Token Farm born in Hypurr Fun was listed on the Hyperliquid spot market, the Market Cap surged to 20 million dollars. While HYPE maintained a 'bulldozer' style rise, Farm's success attracted many users to follow the Hypurr Fun ecosystem. As a order book DEX, the listing of Hyperliquid is different from permissionless platforms like Raydium, how does Hypurr, similar to pump.fun platform, integrate with it? What are the specific rules and trading processes behind it? Odaily will sort out and interpret in this article.

Essential basic knowledge: Hyperliquid spot listing auction

According to official documents, HIP 1 is a Token standard with a supply limit (FT), which is the form of most Tokens in Hyperliquid. Dev can define multiple parameters in HIP 1 Token, the most critical of which include maximum supply, initial supply, and Dev retention quantity.

Source: Odaily Planet Daily

The listing process of Hyperliquid is a 31-hour Dutch auction. During this period, the token deployment fee will linearly decrease from the initial price to 10,000 USDC stablecoin, until a token is auctioned and listed on the Hyperliquid spot market. If the last auction fails, the initial price will return to 10,000 USDC stablecoin, otherwise, the starting price of the auction will be twice the previous price.

For example, the winner of the last auction as of the last post was MON, with a bid price of $487,936, so the starting price for the next auction will be $975,873 and will continue to decrease over time.

Hyperliquid Ecological Pump

Hypurr Fun was born in response to Hyperliquid's listing auction mechanism, which is equivalent to establishing a 'crowdfunding' platform. Participating users invest funds and compete for the spot deployment quota (Hyperliquid's term for spot deployment) on Hyperliquid.

Token information query platform

Through the web version, you can check the information and trading situation of Hypurr Token, including project introduction, Token price, market capitalization, trading volume, and other basic information.

Prelaunch market channel

In addition, there is also a Hyperliquid News X platform account that provides related information, but it is not certain whether it is an officially supported account, so it is recommended to only obtain information from it and not carry out any trading operations through this account.

Trading method

Currently, Hypurr Fun only supports purchasing through Telegram Bot. After entering the Bot, a pop-up message will provide a wallet address. You can also obtain more information through the Wallet module. Currently, it only supports depositing funds from Hyperliquid L1 or Arbitrum, and please note that it only supports depositing native USDC (does not support USDC.e).

Image Source: Odaily Star Daily

Buying Token is quite peculiar, the most common way is to jump to the Token channel from the web version, and then through the pinned message to jump to the Trade interface (the author has not yet found a way to search for Token directly from Telegram).

Source: Odaily Star Daily

Another way is to purchase through the ' /launches' (optional trading volume or price sorting) or ' /chat' on the Telegram homepage. The former is an official data filtering tool, where you can directly select the purchase quantity by clicking on it. The latter is a public chat channel where you can discover popular Tokens and also trade by clicking on them.

Image source: Odaily Planet Daily

Personal Perspective: Bear Market and Bull Market

Based on the author's subjective experience, Hypurr is still in its early stages and is continuously rising, which may provide more opportunities for "gold digging".

The tool aspect is obviously very imperfect, and it cannot be compared with other mature pump-type ecosystems at all. In addition, the information aspect is currently incomplete. For example, the spot listing rules (the first picture in this article) are very difficult to find the specific location and information. Although multiple KOLs have mentioned the listing rules, no one has listed the specific information source, and only one picture is currently seen.

In terms of heat, Farm set the record for the highest listing fee at $180,000 at that time, and then $SOVRN set a record of $260,000 yesterday. Today, when MON made the announcement, it directly broke through to $480,000, showing a rising market capitalization.

[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

This article is authorized to be reproduced from: 'Foresight News'

Original author: Nan Ji, Odaily Planet Daily

The market capitalization of Farm Coin is soaring! Hypurr Fun platform introduction: The next wave of money-making frenzy is coming? This article was first published in 'Crypto City'.