[PRESS RELEASE – Tortola, British Virgin Islands, January 6th, 2025]
Router Protocol, a leading cross-chain services service provider in crypto, reveals a combination with the extremely performant layer 1 blockchain and decentralized exchange (DEX) Hyperliquid, to make it possible for cross-chain deposits to over 30 EVM and non-EVM chains consisting of Solana, Sui, Tron, Base, and Ethereum.
With this combination, Router Nitro ends up being the very first bridge to allow single-interface deposits to Hyperliquid. This removes the requirement for the existing two-step procedure, which includes moving possessions to Arbitrium and after that to Hyperliquid.
Router Nitro x Hyperliquid
Hyperliquid has actually experienced an increase over the last 6 months, producing over $1 billion in net stablecoin inflows and over $3 billion in overall worth locked (TVL) considering that its token launch. Its deposit bridge likewise holds over $2 billion worth of stablecoins.
More just recently, it introduced native staking, permitting token holders to stake and accumulate yield on their HYPE tokens throughout 16 validators. At launch, Hyperliquid staked 300 million tokens, roughly $8.4 billion, and users included another 7 million tokens in the very first hour.
Hyperliquid is constructing a community to house all financing, beginning with its flagship DEX, which is noteworthy for low charges, high utilize, one-click trading without any wallet approvals, and more.
Transferring into Hyperliquid can be tiresome. It needs a two-step procedure: Users initially move funds from their source chain into Arbitrum and after that sign a deal on Arbitrum to transfer them into Hyperliquid.
With Router Nitro’s newest combination, users can flawlessly transfer funds straight into Hyperliquid from over 30 significant blockchains. In addition, Router has actually protected the $ROUTE ticker for listing, making it among the very first Layer-1 interoperability jobs to end up being tradeable on Hyperliquid.
This combination includes considerable worth to the Hyperliquid community. Costs created for bridging to Hyperliquid will be utilized to redeem $ROUTE on Hyperliquid, enhancing trading volumes on the platform.
The collaboration with leading validator Hyperbeat presents the capacity for Hyperbeat stakers to get extra $ROUTE benefits from these buybacks, offering individuals the possibility of improved rewards.
Router Nitro is among the fastest, most inexpensive, and most safe bridges in crypto, as obvious from its remarkable year. In the in 2015, Nitro has actually attained industry-leading metrics, such as over 1.5 million cross-chain deals, over $1 billion in overall trading volume, over 1,700 various possessions bridged, and more than 500,000 distinct users.
What To Expect From The Integration
- Cross-chain Asset Transfers: Router Nitro assists in direct deposits into Hyperliquid at low expenses and high speeds throughout significant EVM and non-EVM chains, such as Solana, Tron, and SUI.
- $ROUTE & & HyperBeat: As part of a collaboration with HyperBeat, Nitro costs from Hyperliquid deals will be utilized to redeem $ROUTE tokens from which a specific portion will be dispersed to HyperBeat stakers as extra yield.
- $ROUTE Trading: Once the HyperEVM mainnet goes live,
