Just this week, Binance listed Hyperlane (HYPER), an interoperability protocol that allows communication across different blockchains. In concert with the listing itself, they airdropped tokens to qualified users. Direct trading for HYPER began on Tuesday, an important milestone for any project. Additionally, Binance has applied a seed tag to HYPER, warning users of its highly speculative nature.
Hyperlane makes history as the first generalized, permissionless interoperability layer. More importantly, it gives smart contract developers the tools to easily pass any data between any blockchains. This functionality allows for the movement of tokens, execution of function calls, and other actions necessary for creating interchain applications accessible to users on any connected blockchain.
To allow users to trade HYPER on Binance, they need to pass quizzes within a 90-day period. This narrows down their focus on the risks tied to the token’s lower liquidity and greater volatility. This measure is another step that matches Binance’s pledge to prioritize user education, responsible trading, and transparency.
Hyperlane (HYPER) is the 15th project to be launched through Binance’s HODLer Airdrops program. This program rewards BNB holders with tokens, based on historical snapshots of their BNB balances, incentivizing long-term holding and community engagement.
At the time of writing, Hyperlane (HYPER) price is $0.2695, indicative of almost 6% gain on its first day of trading. Follow along with real-time price updates and more on CoinGecko.
The contract address for Hyperlane can be found at docs.hyperlane.xyz. You can learn more about what Hyperlane is, what it does and how it works on Binance’s support page and CoinGecko. These new resources arm users with all of the necessary information to make smart decisions.
