HyperSwap, a decentralized exchange protocol on the Hyperliquid network, has announced the tokenomics for its SWAP token, with a total supply capped at 100 million. The Token Generation Event (TGE) launched on October 20, 2025, includes a 25% allocation for community genesis distribution, fully unlocked. An equal 25% is set aside for investor genesis distribution, also fully unlocked. The tokenomics plan further allocates 25% for future liquidity mining, with 15 million tokens unlocking linearly over 36 months and 10 million over 12 months. Core contributors will receive 8% after a 12-month cliff, followed by a one-year linear unlock. Additionally, 10% is reserved for future trading airdrops, unlocking after six months, while advisors will receive 3% through a linear unlock after one year. HyperSwap liquidity pools and HIP-2 are allocated 2.5% and 1.5%, respectively. Future token issuance will include xSWAP, a vesting version of SWAP, convertible 1:1 after a maximum six-month lock-up period.