Hyperlane and Multiple Network Announce Token and Testnet Initiatives – Coincu

In a strategic move, Hyperlane Foundation has allocated unclaimed HYPER tokens for network incentives, with a significant portion going towards future ecosystem development. Meanwhile, Multiple Network announces the impending launch of its MultiPass verification node testnet. These events have potential implications for their respective ecosystems as evidenced by historical airdrop outcomes and NFT launches.

Hyperlane Foundation announced that nearly 88% of its HYPER airdrop allocations were pre-claimed. The remaining 8.8 million tokens are set aside for ecosystem growth. Hyperlane stated, “These tokens will supplement the reward distribution” on their social channels. Additionally, the foundation confirmed, “Approximately 88% of the HYPER airdrop has been pre-claimed and will begin distribution next week. The remaining 12% (about 8.8 million HYPER) that has not been claimed will be reserved to incentivize future network expansion of Hyperlane.”

Hyperlane Allocates 8.8 Million Tokens for Incentives

Multiple Network revealed plans to initiate its MultiPass verification node testnet by late April 2025. This development is accompanied by issuing 10,000 MultiPass NFT credentials, each priced at 200 USDT, aiming to bolster the network with up to $2 million in potential funding.

Market responses to these initiatives have been mixed. Hyperlane’s decision reflects a common practice among blockchain projects, reminiscent of mechanisms utilized by Optimism and Arbitrum. In contrast, Multiple Network’s testnet rollout marks a critical phase, potentially increasing market participation and NFT demand.

Did you know?
Reallocating unclaimed tokens, as Hyperlane does now, typically boosts community engagement, mirroring past initiatives by major networks like Ethereum-based projects.

Multiple’s $2 Million NFT Testnet Strategy

Did you know? Reallocating unclaimed tokens, as Hyperlane does now, typically boosts community engagement, mirroring past initiatives by major networks like Ethereum-based projects.

HyperChainX (HYPER) reflects resilience amid market volatility. As of April 20, 2025, CoinMarketCap reports HYPER priced at $0.00, with a market cap of $214,350.97. Trading volume stands at $19,369.68, observing a 24-hour change of 0.09%. Notably, price fluctuations over 90 days reveal a decline by 14.60%. These figures underscore ongoing market adaptability.

Experts project that these strategic choices will likely strengthen both Hyperlane’s and Multiple Network’s positions in the crypto landscape. The Coincu research team highlights that aligning airdrop strategies with ecosystem incentives often enhances community involvement. Similar approaches in related projects have historically supported technological progression and financial stability.