$ROUTE to be Listed on Hyperliquid Enabling Cross-Chain Deposits From Over Thirty Networks
The post $ROUTE to be Listed on Hyperliquid Enabling Cross-Chain Deposits From Over Thirty Networks appeared on BitcoinEthereumNews.com.
Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. Tortola, British Virgin Islands, January 6th, 2025, Chainwire Router Protocol, a leading cross-chain solutions provider in crypto, announces an integration with the highly performant layer 1 blockchain and decentralized exchange (DEX) Hyperliquid, to enable cross-chain deposits to over 30 EVM and non-EVM chains including Solana, Sui, Tron, Base, and Ethereum. With this integration, Router Nitro becomes the first bridge to enable single-interface deposits to Hyperliquid. This eliminates the need for the current two-step process, which involves transferring assets to Arbitrium and then to Hyperliquid. Router Nitro x Hyperliquid Hyperliquid has experienced a rise over the last six months, generating over $1 billion in net stablecoin inflows and over $3 billion in total value locked (TVL) since its token launch. Its deposit bridge also holds over $2 billion worth of stablecoins. More recently, it launched native staking, allowing token holders to stake and accrue yield on their HYPE tokens across 16 validators. At launch, Hyperliquid staked 300 million tokens, approximately $8.4 billion, and users added another 7 million tokens in the first hour. Hyperliquid is building an ecosystem to house all finance, starting with its flagship DEX, which is notable for low fees, high leverage, one-click trading with no wallet approvals, and more. However, depositing into Hyperliquid can be tedious. It requires a two-step process: Users first transfer funds from their source chain into Arbitrum and then sign a transaction on Arbitrum to deposit them into Hyperliquid. With Router Nitro’s latest integration, users can seamlessly deposit funds directly into Hyperliquid from over 30 major blockchains. Additionally, Router has secured the $ROUTE ticker for listing,…
Filed under: News - @ January 6, 2025 2:27 pm