According to Defi trading platform Hyperliquid has launched its stable money market platform called Hyperdrive, according to a thread of X posts on 28 May, 2025.
“Today we launch Hyperdrive — the stablecoin money market built for Hyperliquid, and the foundational layer for making everything on HyperCore liquid.” read the first X post.
The following posts on the thread reveal more about Hyperdrive. It gives a product roadmap that shows Hyperdrive plans to release more features over time, starting with the stablecoin money market in phase one. HYPE liquid staking, Liquid & leveraged HLP positions, and one-click yield strategies are expected to follow in phase 2, phase 3, and phase 4.
Source: X.com
Hyperdrive is launching with the following ecosystem partners: $USDT0, Ethena, Unit, Layer Zero, and Red Stone. The new platform has also completed its $6 million series A funding round, which was led by Hack VC and Arrington Capital. The funding was a mix of company investment and angel investors.
“Hyperliquid already does $10B+ in daily volume and is the most performant perp DEX in the world. Hyperdrive is bringing the same dominance to the HyperEVM. One stablecoin, one position, one dollar at a time.” read the final post in the thread.
Another X post by Hyperliquid’s official account said the trading platform hit all-time highs on May 26, 2025, for open interest, 24-hour fees, and total value locked in USDC, as reported earlier by Coin Headlines.
