Hyperliquid's New Feature Boosts DEX Autonomy; Hypurr NFT Sells for $467K
Hyperliquid, a decentralised exchange (DEX) on the HyperEVM network, has made waves with its latest developments. The platform has launched a permissionless spot quote asset feature, with USDH, its stablecoin, becoming the first asset to utilise this new functionality. Meanwhile, the Hypurr NFT collection, distributed on the HyperEVM, has generated significant trading volume and seen one of its NFTs sell for a substantial sum.
The Hypurr #21 NFT was recently sold for 9,999 HYPE, equivalent to approximately $467,000. This sale highlights the growing interest and value of NFTs within the HyperEVM ecosystem. The collection has generated over $36 million worth of trading volume, demonstrating its impact on the network's economy.
Hyperliquid's latest feature allows any asset meeting onchain requirements to be used as a quote asset for trading pairs without centralized approval. This innovation promotes decentralisation and user autonomy, as users can now create trading pairs using assets that previously required centralised approval. USDH, Hyperliquid's stablecoin, has been deployed as the first permissionless quote asset, marking a significant step in the platform's evolution.
Hyperliquid's permissionless spot quote asset feature and the Hypurr NFT collection's success underscore the platform's commitment to innovation and community engagement. As the HyperEVM ecosystem continues to grow, it will be interesting to see how these developments shape the future of decentralised trading and NFT usage.
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