Binance has launched Hyperlane (HYPER) as a new altcoin following an airdrop to qualified users. HYPER facilitates cross-chain communication for developers and aims to streamline asset transfers without central intermediaries. Trading began with a price of $0.2695, seeing a 6% rise. The token is tagged for lower liquidity and requires users to complete regular quizzes for trading eligibility.
Binance has recently introduced a new native altcoin, Hyperlane (HYPER), associated with its interoperability protocol. This development enables users to trade HYPER after it was airdropped to qualified customers earlier this week, marking its formal listing on Tuesday.
Hyperlane, the fifteenth project under the Binance HODler Airdrops programme, enables cross-chain communication, allowing smart contract developers to transfer data, execute function calls, and create interchain applications accessible across different blockchains.
The protocol’s goal is to facilitate message passing and asset transfers independently, eliminating the need for centralised intermediaries. As of now, HYPER’s trading price stands at $0.2695, reflecting a nearly 6% increase on its inaugural trading day.
Binance has assigned a seed tag to HYPER, indicating that it’s a lower-liquidity project with potential high volatility. Users must successfully complete quizzes every 90 days to trade assets tagged this way, ensuring they understand the associated risks.
