Hyperliquid integrates Router Nitro for cross-chain deposits supporting Ethereum, Solana, and Sui

Hyperliquid, Layer 1 Blockchain and Decentralized Change; integrated Router Protocol’s Nitro Bridge allows direct deposits from over 30 EVM and non-EVM chains, together with Ethereum, Solana, Sui, Tron, and Base.

This integration eliminates the earlier two-step course of the place merchants needed to bridge funds by Arbitrum earlier than accessing Hyperliquid. Customers can now deposit property straight by a single interface.

The platform has skilled vital progress over the previous six months, with internet stablecoin inflows exceeding $1 billion and whole locked-in quantity reaching $3 billion.

Hashed stated its deposit bridge presently holds greater than $2 billion of stablecoins. Dune dashboard.

The latest native staking launch noticed $8.4 billion value of HYPE tokens staked at launch, with one other 7 million tokens staked inside the first hour.

In keeping with Hyperliquid, over 406 million tokens value over $10 billion have been staked on the time of writing. staking data.

Hyperliquid’s native token, HYPE, trades at $25.5 with a market cap of $8.5 billion and a totally diluted valuation of $25.5 billion. The token has gained 3% prior to now 24 hours as Bitcoin surpassed $100,000.

DEX additionally features assist from different bridges similar to Synapse Protocol and DeBridge, offering extra routes for direct asset transfers to Hyperliquid.

Router Protocol integration brings additional utility to its $ROUTE token.

Charges from Hyperliquid transactions are used to purchase again $ROUTE, rising buying and selling quantity and creating rewards for HyperBeat stakers, our main validator accomplice.

Router Nitro helps over 1.5 million cross-chain transactions, $1 billion in buying and selling quantity, and over 1,700 property, and is acknowledged as one of many quickest and most dependable bridges in cryptocurrencies.

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