Hyperlane announces the establishment of a foundation and the launch of the HYPE token.

the cross-chain application building platform Hyperlane has announced the establishment of the Hyperlane Foundation to manage and expand its network. The foundation has also launched the token HYPE, aimed at building alliances among active users of the Hyperlane network and empowering developers to own the network. The Hyperlane Foundation will initiate the Hyperlane Alliance to represent the interests of users and developers, and oversee a grant program to recognize users who make significant contributions to the network.