Hyperlane Launches New Protocol with $18.5M Raise, $200M in Transactions via EigenLayer

Jun 26, 2024, 06:18 PM

Hyperlane has launched its new protocol, raising $18.5 million in the process. The protocol aims to enable permissionless connection of any blockchain, enhancing cross-chain interoperability. This launch is supported by EigenLayer's AVS, which allows users to connect any rollup across any framework with the economic security of Ethereum. The launch has garnered support from entities like Staked, Kraken, and Superpositionso, and marks a significant milestone with over $200 million in transactions, making it the biggest in Hyperlane's history.