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

Hyperliquid, a layer 1 blockchain and decentralized change, has built-in Router Protocol’s Nitro Bridge to allow on the spot deposits from over 30 EVM and non-EVM chains, together with Ethereum, Solana, Sui, Tron, and Base.

The mixing eliminates a earlier two-step course of that required merchants to bridge funds by means of Arbitrum earlier than getting access to Hyperliquid. Customers can now deposit belongings straight by means of one interface.

The platform has skilled substantial progress over the previous six months, attracting web stablecoin inflows of over $1 billion and reaching a complete worth of $3 billion.

In accordance with Hashed’s Dune dashboard, the deposit bridge at the moment holds over $2 billion value of stablecoins.

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

On the time of writing, greater than 406 million tokens, value greater than $10 billion, have now been staked, based on Hyperliquid. flip off knowledge.

HYPE, Hyperliquid’s native token, is buying and selling at $25.5 with a market cap of $8.5 billion and a completely diluted valuation of $25.5 billion. The token is up 3% prior to now 24 hours as Bitcoin surpassed $100,000.

The DEX has additionally acquired help from different bridges, together with Synapse Protocol and DeBridge, which give further capabilities for direct asset transfers to Hyperliquid.

The Router Protocol integration additionally supplies further performance for the $ROUTE token.

Charges from Hyperliquid trades might be used to purchase again $ROUTE, rising buying and selling quantity and creating rewards for HyperBeat stakers, a key validator accomplice.

With over 1.5 million cross-chain transactions, a buying and selling quantity of $1 billion, and help for over 1,700 belongings, Router Nitro is acknowledged as one of many quickest and most dependable bridges in crypto.