Binance has airdropped and listed Hyperlane (HYPER), a new interoperability altcoin aimed at enabling cross-chain communication. It is the 15th project from the HODler Airdrops programme, rewarding BNB holders. HYPER facilitates message passing and asset transfers without intermediaries, trading at $0.2695 with a 6% rise in its initial trading day. A seed tag indicates potential volatility requiring periodic risk awareness quizzes for traders.
Customers of Binance can now engage in trading a new native altcoin associated with a permissionless interoperability protocol known as Hyperlane (HYPER), which was airdropped to qualified users this past week and subsequently listed for trading on the exchange on Tuesday. HYPER is the 15th project introduced through Binance’s HODler Airdrops programme, aimed at rewarding BNB holders based on previous balance snapshots.
Hyperlane is designed as an interoperability protocol facilitating cross-chain communication across various blockchain environments. It is the first permissionless interoperability layer enabling smart contract developers to transmit arbitrary data between blockchains. Utilizing Hyperlane, developers can transfer tokens, execute function calls, and undertake numerous actions that aid in developing interchain applications accessible across all blockchains.
The main objective of Hyperlane is to facilitate message passing and asset transfers between chains without requiring centralized intermediaries. At the time of writing, HYPER is trading at $0.2695, reflecting an almost 6% increase on its debut trading day.
To further manage trading activities, Binance has assigned a seed tag to HYPER. Seed tags are applied to projects with lower liquidity, which may indicate heightened volatility compared to other assets. As a protocol to safeguard trading integrity, users who wish to trade tagged assets must successfully complete quizzes every 90 days to confirm their comprehension of the associated risks.
