# Purr (PURR): D-Score 23/100 — Centralized Leaning

**BlockIndex D-Score: 23/100 (Centralized Leaning).** Purr (PURR) is a Layer 2 cryptocurrency using Other consensus. Purr: Hyperliquid's first native HIP-1 memecoin with capped supply, airdrop launch, and deflationary fee burns.

_Source: https://blockindex.ai/coin/purr · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 23 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 16 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Airdrop (2024)
- Founder: Hyperliquid team
- VC funded: No
- Max supply: 1,000,000,000
- Circulating: 595,342,752 (59.5%)

## Market data (as of 2026-06-19)
- Price: $0.1
- Market cap: $57.95M
- 24h volume: $2.43M
- 24h change: +1.73% · 7d change: +9.56%

## About
PURR is a Hyperliquid ecosystem memecoin and native HIP-1 token best understood as an application-level asset on Hyperliquid rather than an independent blockchain. It became historically notable as the first native spot token launched on the Hyperliquid Layer-1 and as an early proof of concept for Hyperliquid's HIP-1 native token standard and HIP-2 Hyperliquidity mechanism. The project launched on April 16, 2024 with no public token sale and no separately documented PURR foundation, executive team, or individual founder. Public material attributes the launch to the Hyperliquid team, while PURR itself is described as a no-planned-utility memecoin tied to Hyperliquid spot-market adoption and community activity.

Technically, PURR does not run its own chain, validators, mining system, or consensus layer. It is a HIP-1 native token on Hyperliquid, using HyperCore spot order books and Hyperliquid's underlying validator infrastructure. Hyperliquid itself is described as using HyperBFT, a HotStuff-style proof-of-stake consensus, but that security model belongs to the parent network rather than PURR as a standalone protocol. PURR's key technical characteristics are its capped supply, native spot-market integration, HIP-2 Hyperliquidity deployment at launch, and deflationary fee-burn mechanics where trading fees paid in PURR are burned.

The main use case for PURR is trading and community participation inside the Hyperliquid ecosystem. Its most direct integrations are Hyperliquid spot trading and PURRBurn.fun, an independent site that tracks PURR burn activity and aggregates PURR information. Verified exchange and market access in the supplied summary includes Hyperliquid and several centralized venues or CoinGecko-listed markets, with PURR/USD and PURR/USDC trading pairs identified. Wallet support is reported across hardware, desktop, mobile, and browser-extension wallets, although several wallet entries appear to come from broad compatibility extraction rather than PURR-specific integration documentation.

PURR's tokenomics are centered on a 1 billion original maximum supply and a community-oriented launch. The general summary states that 500 million PURR were distributed proportionally to Hyperliquid points holders, while 400 million PURR initially deployed as HIP-2 Hyperliquidity were later burned. The DScore extraction treats PURR as a token launch with 100% pre-issued supply mechanics and no token sale, while also noting no documented team or founder premine. Market-data excerpts report a price of $0.1339, a roughly $206 million market capitalization in December 2024, a 1 billion maximum supply, and a 595.34 million circulating supply snapshot from CoinMarketCap.

Governance and organizational data for PURR remain limited. No PURR-specific DAO, voting mechanism, governance treasury, roadmap, foundation, CEO, or formal legal entity was documented in the provided summaries, although the DScore extraction marks the Hyperliquid team as the creating organization. PURR's future prospects therefore depend less on an independent protocol roadmap and more on Hyperliquid's native spot-market growth, continued liquidity, burn transparency, community demand, and the broader strength of the Hyperliquid ecosystem.

## Links
- Website: https://purrburn.fun/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore