What is Hyperlane (HYPER)?
Hyperlane is a permissionless interoperability protocol designed to enable communication between blockchains. It allows developers to send arbitrary data across different networks, facilitating the creation of interchain applications that users can access regardless of the blockchain they are on. Through Hyperlane’s mailbox smart contracts, developers and users can interact with an on-chain messaging system to send and receive cross-chain messages securely.
Hyperlane places strong emphasis on modular security. Applications built on Hyperlane can configure their security preferences by selecting from a variety of Interchain Security Modules (ISMs), allowing them to customize how their communications are protected. Hyperlane is active across multiple networks and provides a flexible foundation for developers looking to expand their applications beyond a single blockchain ecosystem.
The native token of the Hyperlane protocol is HYPER. It plays a central role in securing cross-chain communication through staking and incentivizing network participants. HYPER exists across multiple networks, including Ethereum, Arbitrum One, Base, OP Mainnet, and BNB Chain. Token holders can stake HYPER, participate in governance, and earn rewards by contributing to the protocol’s operation. stHYPER, a liquid staking version of the token, represents staked HYPER and provides holders with the ability to claim staking rewards while maintaining liquidity.
At the time of writing, the circulating supply is around 175.2 million HYPER with a maximum supply of 1 billion. HYPER is listed on Binance for trade and purchase. The live price of HYPER is updated in real-time on Binance.
