Hyperliquid is preparing to launch its native stablecoin, USDH, with Native Markets leading with a strong 97% support rate. The platform’s mechanism incorporates innovative reserve management and yield distribution models based on the reserve management and yield distribution models of BlackRock and Superstate. This article offers a comprehensive examination of the team’s background, competitive strengths, and the focus of community debates, and highlights the driving forces behind the emergence of the Stablecoin 2.0 era.
9/17/2025, 9:06:50 AM
This article examines the competitive dynamics and liquidity structures of centralized exchanges (CEXs) to identify growth opportunities for decentralized perpetual contract exchanges (Perp DEXs). The article analyzes the key differences between the Central Limit Order Book (CLOB) and AMM-based perpetual contract models, focusing on market structure, price discovery, liquidity aggregation, and asset listing strategies as the basis for comparison. Under current market conditions, Perp DEXs are gaining prominence and are well-positioned to capitalize on emerging structural opportunities.
9/23/2025, 9:49:53 AM
Solana DeFi was declared dead in 2023, but made a strong comeback in 2024, involving 100+ projects, TVL reaching $3.8 billion, and daily trading volume reaching $2.5 billion. Solana has 50 top teams. Its advantages are low fees and high throughput, attracting a large number of users and developers. Solana is connected to multiple platforms, has friendly wallets and bridges, and will launch more cross-chain applications in the future. Major DeFi projects on Solana include DEX, lending markets, and derivatives, with more innovations expected in the future. Solana’s composability and infrastructure development have allowed the DeFi ecosystem to grow rapidly.
3/23/2024, 4:56:43 PM