HYPER (Hyperlane) rose 13.71% in 24 hours.

Gate News Bot message, July 24, according to CoinMarketCap data, HYPER (Hyperlane) is currently priced at 0.41 USD, with a rise of 13.71% in the last 24 hours, reaching a high of 0.47 USD and a low of 0.34 USD. The current market capitalization is approximately 72.5 million USD, which is an increase of 8.74 million USD compared to yesterday.

Hyperlane is an open cross-chain interoperability framework designed to connect applications on any blockchain. It allows users to deploy Hyperlane on their own without waiting for other cross-chain bridges or interoperability providers. The platform offers customizable security modules, including validators, rate limiting, and the $5 billion economic security provided by Hyperlane AVS. Hyperlane also offers slip-free token bridging and an open-source stack that enables users to generate yield and set/subsidize fees for the bridging amount of their relays.

HYPER recent important news:

1️⃣ Demand for cross-chain interoperability rise With the continuous expansion of the blockchain ecosystem, the demand for cross-chain interoperability is significantly increasing. Hyperlane, as an open cross-chain interoperability framework, is attracting more and more developers and users due to its unique self-deployment features and customizable security modules. This trend strongly supports the market performance of the HYPER token.

2️⃣ The advantages of no slippage token bridging are highlighted In the current highly volatile environment of the cryptocurrency market, the no-slippage token bridging feature offered by Hyperlane is particularly important. This feature effectively reduces the risks users face during cross-chain operations and enhances the platform's appeal, thereby driving the demand rise for HYPER tokens.

3️⃣ Open-source ecosystem continues to expand The open-source stack of Hyperlane provides developers with the flexibility to create revenue and customize bridging fees. This openness is attracting more developers to join the Hyperlane ecosystem, which is expected to further expand the platform's application scope and user base, laying the foundation for the long-term value rise of the HYPER token.

From a technical perspective, the HYPER token has recently broken through previous resistance levels, demonstrating strong upward momentum. However, considering the overall volatility of the crypto market, investors should remain cautious and closely monitor market changes.

This message is not an investment advice, and investors should be aware of market volatility risks.