Hyperliquid, a decentralized trading platform, announced the launch of multi-quote spot trading on its mainnet, expanding opportunities for traders.
Activation of Multi-Quote Trading
Multi-quote spot trading has been activated on the Hyperliquid mainnet. The USDT0 team completed the deployment, automatically launching the HYPE/USDT trading pair. This update allows HIP-1 base assets to choose any quote asset for their initial trading pair.
Rising Key Metrics of the Platform
According to DeFiLlama, the total value locked (TVL) increased to $2.81 billion. On August 15, the platform generated $7.7 million in daily fees after processing $29 billion in trading volume during a 24-hour period. Hyperliquid allocates 97% of trading fees to buybacks of HYPE tokens, creating upward pressure on prices.
Founder’s View on Hyperliquid's Success
Co-founder Jeff Yan stated that the project’s success relies on self-funding and prioritizing user value. He emphasized that "Progress comes when users derive value from what you've built." This highlights the importance of decentralization and user-friendliness.
The mainnet upgrade of Hyperliquid enhances trading flexibility and confirms market confidence in the platform. Hyperliquid's success emphasizes the importance of elevating user value in the rapidly evolving world of decentralized trading.
