Bitget Wallet Adds HyperEVM Testnet Giving Users Access to Hyperliquid Platform

Bitget Wallet, a Web3 non-custodial wallet, has integrated the HyperEVM testnet, offering users access to the Hyperliquid platform.

In a press release shared with CryptoNews, Bitget said a feature has been added to the network to their custom mainnets, users can now explore projects within HyperEVM, interact with its decentralized applications, and receive test tokens through the Hyperliquid faucet.

Hyperliquid is a decentralized exchange (DEX) built on its own Layer 1 blockchain. The platform has been gaining traction within the blockchain space. Hyperliquid reported 24-hour volume hit $13 billion on Friday.

Hyperliquid reached a new all-time high in 24h volume of >$13B. pic.twitter.com/9qxmzp73IC

— Hyperliquid (@HyperliquidX) December 20, 2024

HyperEVM to Improve Use Case for $HYPE Token

The integration of HyperEVM is expected to improve the use cases of the $HYPE token, which will now serve as gas fees while also supporting lending, staking, and other DeFi activities.

According to Bitget, Hyperliquid’s DEX offers a gas-free trading experience, which is attracting user interest and liquidity. As the platform continues to grow more DeFi projects, including lending platforms and automated market makers, will launch alongside HyperEVM.

“We aim to foster innovation by supporting projects like Hyperliquid that push the boundaries of blockchain technology,” said Alvin Kan, COO of Bitget Wallet.

Behind All The $HYPE

Over the past two weeks, the token has climbed rapidly boasting a current market cap of $6.3 billion. Following its recent airdrop, HYPE has entered the top 30 cryptocurrencies, HYPE is positioned as one of December 2024’s top gainers, reports Sam Cooling for CryptoNews.