The $5.6 billion future battle of Hyperliquid



[Plain Language Introduction] Hyperliquid, a rapidly rising DeFi perpetual contract exchange, boasts $5.6 billion in stablecoin assets and is facing a crucial game that will determine its future.

On September 14, validators will vote to decide the issuer of its native stablecoin USDH, competing for the right to a share of annual revenue distribution of up to $220 million. Competitors include the local team Native Markets, institution-backed Agora, Stripe, and others, each presenting different visions ranging from compliance to decentralization.

This transparent on-chain voting is not only a turning point for Hyperliquid, but it will also test the maturity of DeFi governance, determining how billions of dollars in profits will reshape the ecosystem.

For details, please see:
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)