Hassan Maishera
On Friday, the Wormhole team announced via X that $HYPE, the native coin of the Hyperliquid decentralized exchange, is now live on the Solana blockchain, powered by Wormhole NTT. $HYPE is now also tradable on the JupiterExchange for swapping.
Hyperliquid is a performant L1 blockchain featuring HyperCore, which powers fully onchain perpetual futures and spot order books supporting 200,000 orders per second with billions in daily volume.
By leveraging Wormhole's NTT standard, HYPE can scale seamlessly beyond Hyperliquid to Solana and Unichain while eliminating liquidity fragmentation. With NTT, tokens maintain full control over their behavior on each chain, including aspects such as customizability, metadata management, and ownership or upgradeability.
Wormhole’s NTT (Native Token Transfers) is an open and composable framework for seamlessly transferring native tokens across blockchains while preserving their intrinsic properties.
Wormhole is a leading interoperability platform powering multichain applications and bridges at scale. Wormhole’s modular suite of open-source, permissionless protocols and tools is being used by multichain builders to create some of the most popular web3 applications. W is trading at $0.08357, up 11.2% in the last 24 hours.
