With a public offering of 1.39 billion, challenging BASE and OP, can MegaETH break through the new Layer 2 landscape? | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyattdeficryptoMarketNFTsRelated: Hyperliquid Stablecoin is about to be hammered: Why did the new team Native Markets acquire USDH?
Recently, Hyperliquid, a decentralized derivatives trading platform, has been the scene of a highly anticipated stablecoin battle. On September 5th, the official announcement of the upcoming ticker auction for its native stablecoin, USDH, instantly ignited the market. Numerous institutions, including Paxos, Ethena, Frax, Agora, and Native Markets, submitted proposals to compete for the right to issue USDH. As a leading player in the popular perp DEX market, Hyperliquid has become a strategic opportunity that institutions must enter, even if it “doesn’t make money.” Currently, Native Markets leads with a 97% lead, virtually securing victory. Native Markets’ Strategy Native Markets’ concept is for USDH reserves to be jointly managed by BlackRock (off-chain) and Superstate (on-chain), ensuring both regulatory compliance and issuer neutrality. Its mechanism is unique: interest earned on the reserves…# Analysis# crypto# defi# ethereum# Exchange# Market# NFTs# TokenPre
Stop packaging high-risk investments as stablecoins.Next
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- I. Project Introduction MegaETH