HYPER (Hyperlane) rose 20.35% in 24 hours

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, HYPER (Hyperlane) is now trading at $0.16, up 20.35% in 24 hours, reaching a high of $0.18 and a low of $0.13, with a 24-hour trading volume of $8.49 million. The current market capitalization is approximately $32 million, an increase of $5.41 million from yesterday.

Hyperlane is an open blockchain interoperability framework that provides developers with production-ready infrastructure to pass arbitrary data across hundreds of chains and virtual machines. The protocol supports 7 virtual machines (including EVM, Solana VM, Cosmos SDK, etc.), covers more than 130 public chains, and has securely verified more than $1 billion in cross-chain asset transfers. Hyperlane adopts a modular and scalable architecture, allowing developers to deploy application scenarios such as multi-chain messaging, cross-chain asset exchange, multi-chain asset issuance, and cross-chain governance, and can be quickly launched without obtaining core team or governance approval. The platform has a complete open source ecosystem, supports Warp Routes multi-chain asset interoperability, Interchain Accounts and other functions, and has provided interoperability support for hundreds of assets and applications such as Renzo and Velodrome.

Important recent news from HYPER:

1️⃣ Cross-chain infrastructure position is stable and supports value As an open blockchain interoperability framework, Hyperlane has formed a solid foundation for application in the market. The platform has provided interoperability support for hundreds of assets and applications, covering more than 130 public chains, and the scale of securely verified cross-chain asset transfers exceeds US$1 billion, which fully reflects its core value and market demand in the Web3 ecosystem.

2️⃣ Modular architecture lowers the threshold for application deployment Hyperlane’s modular, scalable design allows developers to quickly launch multi-chain use cases, including multi-chain messaging, cross-chain asset swapping, multi-chain asset issuance, and cross-chain governance, without obtaining core team or governance approval. This open ecological model is conducive to ecological expansion and application growth, providing support for the long-term development of tokens.

3️⃣ Multi-chain coverage capabilities help improve market recognition The platform supports 7 virtual machines, including EVM, Solana VM, and Cosmos SDK, and has industry-leading multi-chain adaptation capabilities. In the context of intensified competition in the multi-chain ecosystem, this technical advantage will help enhance investors’ recognition of the project’s long-term prospects.

This news is not intended as investment advice, and investment should be aware of the risk of market fluctuations.