Hyperliquid Mainnet Adds HYPE/USDT in Multi-Quote Spot Trading
Hyperliquid has activated multi-quote asset spot trading on its mainnet. The platform automatically deployed and launched the HYPE/USDT trading pair. Each HIP-1 asset deployment can choose its initial quote asset. Subsequent spot pair deployments will use an independent Dutch auction mechanism. Hyperliquid plans to support additional quote assets in future releases. This upgrade enhances trading flexibility and price discovery on the network, while providing traders with more liquidity options for HYPE.
Bullish
The activation of multi-quote asset spot trading and the immediate launch of HYPE/USDT is a positive development. It widens trading opportunities and improves liquidity for HYPE token. The Dutch auction mechanism for later deployments can enhance fair price discovery. Similar platform upgrades in the past have driven short-term volume spikes and long-term user growth. Overall, traders may respond with increased demand and higher transaction activity, making the outlook bullish.