With the perpetual decentralized exchange (DEX) wars blazing hotter than a meme coin rally, defillama.com shows the battlefield tally: nearly a trillion dollars in trades over the last week, with a cool $ 869.189 billion stamped on the books. Aster and Hyperliquid Command 52.80% of $ 869B Perp DEX Market Perp DEXs are …
Hyperliquid’s stablecoin race drew bids from Agora, Paxos, and Frax this week, but another headline move is Circle’s plan to deploy native USDC and Cross-Chain Transfer Protocol (CCTP) V2 on Hyperliquid. Allaire Signals Big Bet on Hyperliquid With Native USDC, CCTP V2 Circle disclosed that native USDC and CCTP V2 will launch on HyperEVM, enabling […]
Amid the competition to secure a role in providing stablecoin infrastructure for USDH, Hyperliquid’s native crypto token HYPE climbed to a record peak of about $ 51.84 per coin. Interest in Hyperliquid Lifts HYPE Over $ 51 and $ 13.9B Valuation On Monday, HYPE, the utility coin tied to Hyperliquid, reached an …
This week, Hyperliquid received competing proposals from Paxos, Agora, and Frax to supply stablecoin infrastructure for USDH, with each bidder emphasizing regulatory posture, distribution, and how yield from reserves would be shared with the ecosystem. Hyperliquid Is Now Weighing Multiple Proposals Bitcoin.com News previously reported on Paxos on Sunday, Sept. 7, and Paxos’s written bid […]
Paxos proposed issuing USDH, a Hyperliquid‑first regulated stablecoin, aimed at accelerating adoption and enterprise integration across the Hyperliquid ecosystem. The Paxos Labs initiative, backed by Paxos’s decade of regulated stablecoin issuance and recent acquisition of Molecular Labs, would mint USDH natively on HyperEVM and HyperCore, offer multi‑jurisdictional compliance (including MiCA/GENIUS claims), and route onchain and […]