Gemini has introduced staking for Hyperliquid's native HYPE token, offering about 2.1% annual yield to most US customers except New York residents. Hyperliquid is a Layer 1 blockchain focused on perpetual futures trading, using a delegated proof-of-stake system where token holders delegate to validators who secure the network and share rewards. Currently, 44% of HYPE's total supply is staked, generating yields between 2.1% and 2.3% APY. Gemini joins Kraken and Grayscale in supporting HYPE staking, with Kraken offering up to 2.2% APY and Grayscale providing a related ETF with staking rewards included.
The story about Gemini launching staking for Hyperliquid's HYPE token is presented here with Pluang's market data for context. For readers following the cryptocurrency market, 10 out of 50 major cryptocurrencies rose while 39 fell today. Notable movers include DOT at Rp20.879 with a 7.93% decrease, AXS at Rp19.786 down 7.22%, and SUSHI at Rp4.488 down 7.19%, as of Sep 29, 2026 02:51 WIB.
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