In a bold move likely to startle even the most jaded aunt at tea, Hyperliquid has announced it will be embracing Circle’s Cross-Chain Transfer Protocol (that’s CCTP v2, if you’re keeping score at home). No more faffing about with custodian bridges or those tiresome wrapped tokens—just crisp, seamless transfers. Someone fetch the smelling salts for the DeFi traditionalists! 🧐
The implications are nothing to sneeze at (though my hay fever disagrees). Soon, traders will be able to toss native USDC about for their perpetual positions or as a settlement asset, presumably with the nonchalance of a duke flipping a coin to his butler. No launch date—they’re savouring the suspense—but even mere whispers sent HYPE token up 3%. Someone’s getting a new yacht, or at least a fancier cup of coffee. ☕🚀
Meanwhile, there’s growth, and then there’s Hyperliquid growth. Their assets under management on Arbitrum have ballooned to $5.5 billion—largely because desperate traders, deprived of native USDC, have been hopping bridges like frogs after a rainstorm. This new scheme aims to stop all that hopping, saving countless digital ankles from metaphorical sprains.
Elsewhere in this digital cabaret, open interest on the DEX clocked a cool $10.6 billion, and their recent shenanigans include dancing into the Solana ecosystem and a delightful pas de deux with Phantom for wallet-based leveraged trading. The Hyperliquid footprint, much like Uncle Charlie after too much trifle, just keeps getting larger. 👞
As for Circle, they’re in the midst of what polite society calls “quite a run,” integrating not just with Hyperliquid, but also pirouetting onto the XRP Ledger, World Chain, and cozying up with Ant Group in Asia. One imagines their business cards now read simply: “We Get Around.”
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2025-07-31 20:30