📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Hyperliquid Hits $5.6B Open Interest High Amid Hyperbridge Debut
Layerzero has launched Hyperbridge, a new interoperability solution connecting external blockchain assets to Hyperliquid’s decentralized trading ecosystem, which recently saw its open interest hit a record $5.6 billion.
Cross-Chain Trading Boosted as Layerzero Rolls Out Hyperbridge for Hyperliquid
Layerzero, an omnichain interoperability protocol, has introduced Hyperbridge, a tool designed to streamline asset transfers between external blockchains and Hyperliquid’s decentralized exchange (DEX). The launch comes as Hyperliquid, a high-speed perpetual futures platform, reported a new all-time high open interest of $5.6 billion on Sunday, May 11, 2025, showcasing its growing influence in decentralized derivatives trading.
Hyperliquid operates on HyperEVM, a custom layer one (L1) blockchain optimized for derivatives trading. It processes up to 100,000 orders per second with zero gas fees and features an on-chain order book, mirroring centralized exchange efficiency while remaining non-custodial. The platform’s recent open interest milestone reflects rising institutional and retail participation.
Hyperbridge also simplifies token deployments for developers via Layerzero’s OFT standard, enabling projects to tap into Hyperliquid’s liquidity without technical barriers. Asset issuers can list tokens on Hyperbridge through a one-click interface, expanding access to Hyperliquid’s $1 trillion+ historical trading volume.
The integration arrives as decentralized finance (DeFi) platforms increasingly prioritize interoperability. Hyperliquid’s self-funded team emphasizes that Hyperbridge’s launch aligns with its mission to merge centralized exchange speed with DeFi’s transparency.
Hyperbridge is now live at hyperbridge.xyz, supporting initial assets including COOK, USR, and RLP. Developers and issuers can apply to list new tokens, further bridging Hyperliquid’s ecosystem to the broader crypto market.