$ROUTE to be Listed on Hyperliquid Enabling Cross-Chain Deposits From Over Thirty Networks
Tortola, British Virgin Islands, January 6th, 2025, Chainwire
Router Protocol, a leading cross-chain solutions provider in crypto, announces an integration with the highly performant layer 1 blockchain and decentralized exchange (DEX) Hyperliquid, to enable cross-chain deposits to over 30 EVM and non-EVM chains including Solana, Sui, Tron, Base, and Ethereum.
With this integration, Router Nitro becomes the first bridge to enable single-interface deposits to Hyperliquid. This eliminates the need for the current two-step process, which involves transferring assets to Arbitrium and then to Hyperliquid.
Router Nitro x Hyperliquid
Hyperliquid has experienced a rise over the last six months, generating over $1 billion in net stablecoin inflows and over $3 billion in total value locked (TVL) since its token launch. Its deposit bridge also holds over $2 billion worth of stablecoins.
More recently, it launched native staking, allowing token holders to stake and accrue yield on their HYPE tokens across 16 validators. At launch, Hyperliquid staked 300 million tokens, approximately $8.4 billion, and users added another 7 million tokens in the first hour.
Hyperliquid is building an ecosystem to house all finance, starting with its flagship DEX, which is notable for low fees, high leverage, one-click trading with no wallet approvals, and more.
However, depositing into Hyperliquid can be tedious. It requires a two-step process: Users first transfer funds from their source chain into Arbitrum and then sign a transaction on Arbitrum to deposit them into Hyperliquid.
With Router Nitro’s latest integration, users can seamlessly deposit funds directly into Hyperliquid from over 30 major blockchains. Additionally, Router has secured the $ROUTE ticker for listing, making it one of the first Layer-1 interoperability projects to become tradeable on Hyperliquid.
This integration adds significant value to the Hyperliquid ecosystem. Fees generated for bridging to Hyperliquid will be used to buy back $ROUTE on Hyperliquid, boosting trading volumes on the platform.
Moreover, the partnership with top validator Hyperbeat introduces the potential for Hyperbeat stakers to receive additional $ROUTE rewards from these buybacks, offering participants the possibility of enhanced incentives.
Router Nitro is one of the fastest, cheapest, and safest bridges in crypto, as evident from its impressive year. In the last year, Nitro has achieved industry-leading metrics, such as over 1.5 million cross-chain transactions, over $1 billion in total trading volume, over 1,700 different assets bridged, and more than 500,000 unique users.
What To Expect From The Integration
- Cross-chain Asset Transfers: Router Nitro facilitates direct deposits into Hyperliquid at low costs and high speeds across major EVM and non-EVM chains, such as Solana, Tron, and SUI.
- $ROUTE & HyperBeat: As part of a partnership with HyperBeat, Nitro fees from Hyperliquid transactions will be used to buy back $ROUTE tokens from which a certain percentage will be distributed to HyperBeat stakers as additional yield.
- $ROUTE Trading: Once the HyperEVM mainnet goes live, $ROUTE trading will be available, allowing users to seamlessly trade $ROUTE on Hyperliquid.
- Omnichain Tokens: Leveraging Router’s comprehensive interoperability infrastructure, existing projects can seamlessly make their token omnichain, opening the door for many more existing projects to list on Hyperliquid. Router’s infra enables omnichain tokens from over 30 major networks including Ethereum, Solana, Sui, Tron, and various L2s. Additionally, Router will empower native Hyperliquid projects to expand their reach by taking their tokens to other chains, attracting traders from across different ecosystems.
- Chain abstracted dApps: Router makes it easy for dApps on Hyperliquid to provide a smooth, chain-agnostic experience for their users. With Router’s intent adapters, users can interact with Hyperliquid from any blockchain, simplifying the process of getting started. Things such as one-click staking from any chain would be possible using the Router’s infra. Hyperliquid dApps can also seamlessly integrate Router Nitro to attract liquidity from the 30+ connected network
- HyperEVM Testnet Support: Router Nitro supports the HyperEVM Testnet, allowing users to transfer assets from Sepholia, Arbitrum Sepholia, Fuji, Amoy, Berachain testnet, and many more. Users can also stake their testnet tokens with various validators on the HyperEVM, which will be integrated into Nitro Mainnet once the HyperEVM mainnet goes live.
About Router Protocol
Router Protocol is a chain abstraction protocol empowering developers to build a suite of intent-based products to achieve seamless cross-chain transfers and messaging in a secure, decentralized & permissionless environment.
By providing stateful bridging, advanced security measures, and a comprehensive cross-chain intent framework, Router Protocol is working to shape the future of decentralized applications.
Backed by investors including Coinbase Ventures, QCP, De-Fi Capital, Wintermute, and Polygon, Router Protocol’s mission is to increase Web3 adoption by solving existing problems in cross-blockchain communications, such as security, scalability, decentralization, and the lack of cross-chain dApps. Router Protocol’s product suite includes Router Chain, a PoS Layer 1 solution leveraging Tendermint’s BFT, compatible with EVM and other VMs for ultimate chain abstraction. Router Nitro, an ultra-low latency bridge, supports cross-chain swaps on 30+ blockchains, enabling efficient cross-chain asset transfers. Router CCIF provides a plug-and-play infrastructure that simplifies cross-chain functionality for dApps, streamlining cross-chain intents.
For more information, users can visit www.routerprotocol.com.
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