As of Oct. 23, cumulative auction spending stood at 346,005 HYPE, valued at about $27 million at the time.
Its dollar equivalent is an approximate valuation for that date.
Under Hyperliquid’s HIP-3 rules, builders must stake 500,000 HYPE to open a perpetual exchange. The first three asset listings do not require auctions, while additional listings generally use Dutch auctions, as described in EconoTimes’ earlier explanation of Hyperliquid’s auction rules.
