Hyperliquid, a decentralized platform for derivatives trading, has unveiled its latest initiative, the L1 Points Season. This program will run for the next four months, during which the platform will distribute 700,000 points on a weekly basis. The first snapshot for point allocation is scheduled from May 29 to June 4. Additionally, Hyperliquid will regularly update the points standard and allocate points based on users' weekly engagement and activity levels.

The introduction of the L1 Points Season by Hyperliquid aims to enhance user participation and incentivize active engagement on the platform. By offering weekly point distributions and updating the points standard regularly, Hyperliquid seeks to create a dynamic and interactive environment for its users. This initiative not only encourages user activity but also rewards users for their ongoing involvement in the platform's ecosystem.

Through the L1 Points Season, Hyperliquid is fostering a sense of community and encouraging users to actively participate in the platform's offerings. By providing incentives in the form of points, Hyperliquid aims to drive user engagement, promote interaction, and create a more vibrant and rewarding trading experience for its community members.

In conclusion, Hyperliquid's launch of the L1 Points Season signifies a strategic effort to boost user engagement and activity on its decentralized derivatives trading platform. By introducing weekly point distributions and updating the points standard, Hyperliquid is creating a more interactive and rewarding environment for its users, fostering a sense of community and incentivizing active participation.