Environment
Home” Ecosystem” Hyperliquid incorporates Router Nitro for cross-chain deposits supporting Ethereum, Solana, and Sui
by
Estefano Gomez
Jan. 6, 2025
Router Nitro streamlines Hyperliquid deposits, eliminating the requirement to bridge through Arbitrum.
Image: Hyperliquid Labs
Secret Takeaways
- Hyperliquid now supports direct cross-chain deposits from over 30 EVM and non-EVM chains consisting of Ethereum, Solana, and Sui.
- The combination of Router Nitro improves user experience by eliminating the requirement to bridge through Arbitrum.
Share this short article
Hyperliquid, a layer 1 blockchain and decentralized exchange, has actually incorporated Router Protocol’ s Nitro bridge to make it possible for direct deposits from more than 30 EVM and non-EVM chains, consisting of Ethereum, Solana, Sui, Tron, and Base.
The combination gets rid of a previous two-step procedure that needed traders to bridge funds through Arbitrum before accessing Hyperliquid. Users can now transfer properties straight through a single user interface.
The platform has actually seen considerable development in the previous 6 months, bring in over $1 billion in net stablecoin inflows and reaching $3 billion in overall worth locked.
Its deposit bridge presently holds more than $2 billion in stablecoins, according to Hashed’ s Dune control panel.
The current launch of native staking saw $8.4 billion worth of HYPE tokens staked at launch, with an extra 7 million tokens staked within the very first hour.
At press time, more than 406 million tokens, valued at over $10 billion, are now staked, according to Hyperliquid staking information.
BUZZ, Hyperliquid’ s native token, is trading at $25.5 with an$8.5 billion market cap and a $25.5 billion totally watered down evaluation. The token has actually gotten 3% in the previous 24 hr as Bitcoin exceeded $100,000.
The DEX has actually likewise gotten assistance from other bridges, consisting of Synapse Protocol and DeBridge, providing extra paths for direct property transfers to Hyperliquid.
Router Protocol’ s combination likewise brings included energy to its $ROUTE token.
Charges from Hyperliquid deals will be utilized to redeem $ROUTE, improving trading volume and developing benefits for HyperBeat stakers, an essential validator partner.
With over 1.5 million cross-chain deals, $1 billion in trading volume, and assistance for more than 1,700 properties, Router Nitro is acknowledged as one of the fastest and most reputable bridges in crypto.
Share this post
