The post Hyperliquid integrates Router Nitro for cross-chain deposits supporting Ethereum, Solana, and Sui appeared on BitcoinEthereumNews.com.

Key Takeaways Hyperliquid now supports direct cross-chain deposits from over 30 EVM and non-EVM chains including Ethereum, Solana, and Sui. The integration of Router Nitro enhances user experience by removing the need to bridge through Arbitrum. Hyperliquid, a layer 1 blockchain and decentralized exchange, has integrated Router Protocol’s Nitro bridge to enable direct deposits from more than 30 EVM and non-EVM chains, including Ethereum, Solana, Sui, Tron, and Base. The integration eliminates a previous two-step process that required traders to bridge funds through Arbitrum before accessing Hyperliquid. Users can now deposit assets directly through a single interface. The platform has seen substantial growth in the past six months, attracting over $1 billion in net stablecoin inflows and reaching $3 billion in total value locked. Its deposit bridge currently holds more than $2 billion in stablecoins, according to Hashed’s Dune dashboard. The recent launch of native staking saw $8.4 billion worth of HYPE tokens staked at launch, with an additional 7 million tokens staked within the first hour. At press time, more than 406 million tokens, valued at over $10 billion, are now staked, according to Hyperliquid staking data. HYPE, Hyperliquid’s native token, is trading at $25.5 with an $8.5 billion market cap and a $25.5 billion fully diluted valuation. The token has gained 3% in the past 24 hours as Bitcoin surpassed $100,000. The DEX has also gained support from other bridges, including Synapse Protocol and DeBridge, offering additional pathways for direct asset transfers to Hyperliquid. Router Protocol’s integration also brings added utility to its $ROUTE token. Fees from Hyperliquid transactions will be used to buy back $ROUTE, boosting trading volume and creating rewards for HyperBeat stakers, a key validator partner. With over 1.5 million cross-chain transactions, $1 billion in trading volume, and support for more than 1,700 assets, Router…

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Filed under: News - @ January 6, 2025 6:17 pm