Lucia is a prominent crypto analyst and writer, focusing on Meme Coins and Hyperliquid. With deep market insight, she crafts incisive articles blending data and creativity, helping readers navigate blockchain’s fast-evolving landscape. Hyperliquid’s very own stablecoin USDHL, developed by Native Markets, debuted Wednesday, generating over $2 million in early volume. The issuer’s proposal claimed the stablecoin is backed by a mixture of cash and “U.S.
Unemployment
Many of the issues stemmed from HyperLiquid using “closed-source code,” which Benbrik claims “jails” node operators. Maker rebates are directly credited to the user’s trading wallet after each trade, providing immediate benefits for liquidity providers. This approach ensures that market makers see tangible rewards for their contributions. DOES has mailed copies of tax form 1099-G Certain Government Payments to individuals who received unemployment insurance benefits in tax year 2022. You can access this form by logging into your claimant portal.
Hyperliquid’s Perpetual Share Collapses to 38% as Aster and Lighter Gain Ground
DOES provides job seekers with a number of employment opportunities through its American Job Centers. Having a homegrown stablecoin will help the platform retain the liquidity and the yield generated from reserves within its own ecosystem. Perpetuals are derivatives without an expiration date, allowing traders to speculate on the price movements of the underlying assets. These contracts employ a unique funding rate mechanism to maintain perpetual prices in alignment with the spot price of the underlying asset. The concerns were initially published by Kam Benbrik, an employee at ChorusOne which operates several nodes across different blockchains.
Feature ecosystem
By participating, you become part of a decentralized, transparent, and user-driven trading ecosystem. Hyperliquid is not just a trading platform—it’s a community where your activity fuels mutual growth and sustainability. The on-chain perpetual market has experienced rapid growth. All platforms combined have registered a cumulative trading volume of nearly $700 billion over the past four weeks, with activity reaching $42 billion in the last 24 hours alone. Hyperliquid is the world’s leading on-chain perpetuals decentralized exchange, controling over 35% of the global activity. It’s market share, however, has receded sharply from 70% at one point in May.
Hyperliquid’s Newly Launched USDH Stablecoin Sees Over $2M Volume in Early Trading
The absence of traditional barriers to entry or exit, a key feature of the crypto market, allows anyone with the technical know-how to launch new protocols and compete. The primary condition for proposals was for the USDH ticker to be a “Hyperliquid-first” and “Hyperliquid-aligned” stablecoin. Native Markets is doing this by donating half of USDH revenues to Hyperliquid’s Assistance Fund, a protocol-driven buy-back fund. The latest news, articles, and resources, sent to your inbox weekly.
- As of writing, the Hyperliquid-listed USDH/USDC pair traded at 1.001, with a total trading volume of 2,244,932.79 USDC.
- DOES provides job seekers with a number of employment opportunities through its American Job Centers.
- The on-chain perpetual market has experienced rapid growth.
- You can access this form by logging into your claimant portal.
- This block is modified from the individual “feature content type” node.
Hyperliquid has fallen more than 6% on the day to $44.81, by comparison, although it remains well ahead with a $12.3 billion market cap and the 19th largest cryptocurrency. Even so, it’s down almost 19% on the week, making it one of the biggest losers in the top 100 coins by market cap. Aster has surged 19% over the past 24 hours to a price of $2.31 and a nearly $3.8 billion market cap, according to CoinGecko, making it the 49th largest coin by market cap. Hyperliquid’s highly anticipated USDH stablecoin has gone live, after the newly formed firm Native Markets won the ticker bid last week. Native Markets claimed that over $15 million worth of the stablecoin was pre-minted in the 24 hours before it went live on Wednesday.
At one point in May, Hyperliquid accounted for 71% of the on-chain crypto perpetuals market. That number now stands at 38%, according to pseudonymous Dune Analytics user @uwusanauwu. Hyperliquid, once the uncontested leader in the on-chain perpetuals market, is fast ceding ground to emerging platforms such as Lighter and Aster.
For detailed information on form 1099-G, please see our Frequently Asked Questions. The dollar-pegged stablecoin is issued natively on HyperEVM and is backed by cash and short-term U.S. The stablecoin will help reduce Hyperliquid’s dependency on external stablecoins such as the Circle-issued USDC, which accounts for over 90% of the deposits on the platform. Last week, the Hyperliquid validator community selected Native Markets to receive the USDH ticker following a lengthy bidding war that saw proposals from Paxos, Ethena, Frax, and others.
- With deep market insight, she crafts incisive articles blending data and creativity, helping readers navigate blockchain’s fast-evolving landscape.
- The District of Columbia’s Adult (WIOA) program is funded 100% by a $4,211,055.00 grant from the U.S.
- Native Markets is doing this by donating half of USDH revenues to Hyperliquid’s Assistance Fund, a protocol-driven buy-back fund.
- Hyperliquid has dominated the field, although it appears that Aster is here to rival one of crypto’s biggest projects.
And predictors on Myriad, a prediction market developed by Decrypt’s parent company Dastan, believe there is a 45% chance Aster continues its charge and hits $4 by the end of October. Browse our DCNetworks.org employment site to learn how DOES can help you further your career goals. At this website, you can post a resume, apply for a specific job or do a self-directed job search.
Treasury equivalents” managed by Bridge—a platform acquired by payments giant Stripe in 2024—and will be compliant with regulations in the U.S. and Europe. This gradual introduction of fees reflects Hyperliquid’s commitment to creating a sustainable and competitive ecosystem. Aster has generated $4.58 million in daily revenue, according to on-chain data collected by DefiLlama. That sees it surpass its chief rival Hyperliquid, which has generated just $2.82 million during the same span.
These percentages are based on weekly trading volumes and exclude wash trading figures. Lately, a war of sorts has been unfolding between Hyperliquid and Aster. Last week, Hyperliquid listed Aster’s native token ASTR, allowing users to long or short the token with 3x leverage. On Monday, Aster responded by offering Hyperliquid’s HYPE perpetuals with 300x leverage.
American Job Center
Aster is a decentralized exchange that specializes in perpetual futures, backed by Binance founder Changpeng “CZ” Zhao’s crypto investment firm YZi Labs. It has been viewed as BNB Chain’s competitor to Hyperliquid, another DEX specializing in perpetual futures, which has been one of the biggest crypto projects of the year. Meanwhile, competitors such as a16z-backed Lighter and Binance Labs-backed Aster have increased their market share to 16.8% and 14.9%, respectively, from lower single digits in May.
As of writing, the Hyperliquid-listed USDH/USDC pair traded at 1.001, with a total trading volume of 2,244,932.79 USDC. HyperLiquid, the layer-1 blockchain known for its derivatives exchange, has responded to criticism over an apparent lack of decentralization and issues around validators. Myriad users have turned bearish on HYPE’s prospects in recent days, however, with 73% of predictors expecting the token to fall to a price of $39 sooner than it can rise to a new high of $69. It is worth noting that the USDH ticker will not receive any “special privileges,” the Hyperliquid Foundation said. That didn’t stop crypto heavyweights from fighting over the ticker, presumably seeing it as a premium ticker for a U.S. dollar stablecoin on a rapidly growing what does capitalizing assets mean chron com network.
The on-chain perpetuals market refers to the decentralized trading of perpetual futures contracts (with no expiration) that occurs directly on a blockchain, ensuring transparency and immutability. As a result of rising demand, Hyperliquid’s HYPE token has surged to a $12.6 billion market cap as the 18th largest cryptocurrency in the world, according to CoinGecko. HYPE is down more than 3% on the day and 13% this week amid the emergence of the hot, new BNB rival. By comparison, Aster sits at a nearly $3.5 billion market cap and is the 50th largest token.
The District of Columbia’s Youth (WIOA) program is funded 100% by a $4,638,230.00 grant from the U.S. The District of Columbia’s Adult (WIOA) program is funded 100% by a $4,211,055.00 grant from the U.S. The District of Columbia’s Dislocated Worker (WIOA) program is funded 100% by a $10,070,193.00 grant from the U.S.
This block is modified from the individual “feature content type” node. BNB Chain-based decentralized exchange Aster has seen its token skyrocket since launching last week, per CoinGecko, with the platform flipping Hyperliquid in revenue in the process. That said, according to DefiLlama, Hyperliquid remains ahead of Aster in weekly trading volume and revenue. Whether you’re a retail trader, institutional investor, or market maker, Hyperliquid’s fee structure offers competitive rates, tangible benefits, and a strong commitment to community empowerment.
That said, Aster remains behind in daily volume with $558.95 million, compared to Hyperliquid’s $783.52 million. The District of Columbia’s Workforce Information Grants program is funded 100% by a $291,923.00 grant from the U.S. The District of Columbia’s Reemployment Services and Eligibility Assessment (RESEA) program is funded 100% by a $1,093,344.30 grant from the U.S.
