Pear Protocol activates with Hyperliquid integration; announces $4.1 million strategic financing round headed by Castle Island Ventures.
In the rapidly evolving world of decentralized finance (DeFi), Pear Protocol is making waves as a DeFi-native pair trading terminal. This innovative platform allows users to trade one token against another with high capital efficiency [1].
Pear Protocol's latest move sees a native integration with Hyperliquid, a decentralized perpetual order book [3]. This integration promises a seamless and efficient pair trading experience, significantly improving liquidity, execution efficiency, and overall user satisfaction in the DeFi ecosystem. Traders can now enjoy advanced features such as one-click entry and exit for both legs of a trade, limit and TWAP orders on ratios, take-profit/stop-loss risk management, direct ratio charting, and net funding differential analysis [1][3].
The integration is backed by a strategic $4.1 million funding round led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund [1][2]. This funding will be used to expand Pear's institutional-grade product suite, launch vaults and APIs on HyperEVM, re-launch their spot token with deeper liquidity on Hyperliquid's Spot Orderbook, accelerate user growth and talent acquisition, and position Pear for long-term sustainability [2].
Meanwhile, in other crypto news, Bybit has unveiled a new brand identity with the #IMakeIt campaign. MEXC Launchpad has debuted the PUMP Token with an exclusive 40% discount for new users. MEXC is celebrating the listing of StablR Euro (EURR) with an exclusive launchpool event featuring 85,000 USDT [4].
NEXBRIDGE and NEXPLACE have also raised $8M in Series A funding to launch an integrated Bitcoin capital markets ecosystem. Topics in the news include the impact of the U.S. GENIUS Act on crypto market dynamics, Dogecoin's Double Bottom Pattern pointing to a potential $0.418 surge, the effects of US crypto legislation on banks and institutions, and Hong Kong's implementation of a stablecoin licensing framework [5].
For those interested in earning passive income, SOL, XRP, and Dogecoin holders are earning up to $5,800 per day using SWL miner [6].
Stay updated with Pear Protocol's developments by following them on Twitter (@pear_protocol) [7]. Additionally, MEXC has launched a celebration event for StablR USD (USDR) listing with a prize pool of 85,000 USDT [4]. MEXC DEX+ Super Fest Season 5 has also launched with a 200,000 USDT prize pool [4].
Lastly, Allnodes has launched Bare Metal Servers powered by AMD Threadripper 9000 Series [8].
[1] Pear Protocol Integrates with Hyperliquid for Seamless DeFi Trading - Pear Protocol Medium Blog [2] Pear Protocol Announces $4.1M Strategic Funding Round - Pear Protocol Medium Blog [3] Hyperliquid Documentation - Pear Protocol GitBook [4] MEXC News - MEXC Global Official Website [5] News Topics - CoinMarketCap [6] SWL Miner - SWL Miner Official Website [7] Follow Pear Protocol on Twitter - Pear Protocol Twitter Profile [8] Allnodes Launches Bare Metal Servers - Allnodes Official Blog
Pear Protocol's integration with Hyperliquid underscores its commitment to the cryptocurrency and DeFi landscape, offering users a technologically advanced platform for pair trading with enhanced features like one-click entry/exit, limit orders, risk management, charting, and net funding differential analysis. This integration was fortified by a $4.1 million strategic funding round, which will be channeled towards expanding institutional-grade products, improving liquidity, and accelerating user growth [1][2][3].
The ongoing funding and technological advancements in Pear Protocol's crypto trading operation signify the potential for significant growth and sustainability within the world of finance technology. [1][2][3]
