A naukri.com initiative
NullTX
4w
84
Image Credit: NullTX
Hyperliquid EVM Surges to $1.7 Billion TVL with 337% Year-to-Date Growth
- Hyperliquid EVM has seen an exceptional growth in its total value locked (TVL) to $1.7 billion, marking a 337% year-to-date increase from $400 million.
- The surge in Hyperliquid's TVL highlights the market's demand for innovative DeFi infrastructure attracting developers and users alike.
- Projects within the Hyperliquid ecosystem leverage programmable finance primitives for development of new financial products and services, driving adoption.
- Hyperliquid's modular code architecture enables protocols to route trades through Hypercore orderbooks, fostering innovation in DeFi building blocks.
- Key protocols like Pvptrade and Axiom Exchange utilize Hyperliquid's flexible infrastructure to offer innovative trading experiences.
- The auction mechanism of HIP3 allows builders to create bespoke markets with configurable fees, attracting projects like Hyperunit and Ethena Labs.
- Hyperliquid's cross-layer composability between Hypercore and Hyperliquid EVM enables seamless transactions, leading to new financial architectures.
- Protocols like Hyperlendx and Felix Protocol demonstrate the power of composability in offering liquid perpetual positions and stablecoin borrowing against Hypercore positions.
- Hyperliquid's integration of builder codes, HIP3 auctions, and composability paves the way for a fully integrated and efficient financial ecosystem.
- The rise of Hyperliquid EVM signifies a significant milestone for decentralized finance, moving toward programmable, permissionless, and composable financial services.
Read Full Article
5 Likes
For uninterrupted reading, download the app