- Mainnet upgrade supports multi-quote spot trading, HYPE/USDT pair launched.
- 24-hour trading volume reached $228 million.
- Strong institutional engagement boosts liquidity.
Hyperliquidโs mainnet now supports spot trading with multiple quote assets, highlighting the launch of the HYPE/USDT pair. This advancement fosters broader asset pairings and enhances platform flexibility, evidenced by significant trading volumes and institutional interest.
Hyperliquidโs mainnet now supports multi-quote spot trading, marking a substantial update to its decentralized exchange infrastructure. The inclusion of the HYPE/USDT pair offers expanded trading capabilities and positions HYPE at the core of liquidity improvements. The Hyperliquid Launches Multi-Quote Spot Trading on Mainnet provides further insights into these advancements.
The USDT0 team at Hyperliquid played a central role in implementing this support, deploying spot trading of multiple quote assets.
In 24 hours post-launch, HYPE recorded a volume of $228 million.
Following the mainnetโs upgrade, HYPEโs trading volume hit $228 million within 24 hours. Notably, a whale wallet deposited over $40 million USDC, further purchasing significant HYPE volumes, reflecting robust institutional interest.
Impact on Liquidity and DeFi
Financial attention to this upgrade indicates broader asset implications, with HYPE, USDT, and USDC seeing particular focus. The improvements suggest increased DeFi activity on the platform.
Such enhancements to Hyperliquidโs infrastructure through HIP-1 and HIP-3 protocols provide for permissionless market deployment. Historical parallels, like previous high trading volumes, underscore growth potential for governance tokens and DeFi integrations.
A whale wallet (ID: 0xa523) deposited >$40 million USDC, buying 466,000+ HYPE.
Industry Reactions
Discussions among industry experts suggest that these developments could prompt further technological advancements within the DeFi sector. This could lead to broader regulatory engagement as liquid markets become more appealing for institutional participation.
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