Hyperbridge has surpassed $1M in total volume.
This volume is increased event thanks the DeFi Singularity campign, with 785,000 DOT in liquidity incentives distributed as liquid-staked VDOT.
A big wave of liquidity on @polkadot is now reaching other ecosystems!
New vDOT/ETH pools are live and heavily incentivized on Uniswap:
→ 139% APR on Ethereum
→ 161% APR on Base
→ 8,264% APR on BNB
→ 131% APR on Arbitrum
What's really cool about it is that it doesn't just transfer tokens; it verifies any cross-chain information!
#Bifrost (where liquid-staked vDOT tokens are minted) is now using #hyperbridge as a trust-free, verifiable oracle for price data on other chains.
This is only possible on Polkadot, where rollups like Hyperbridge can use Polkadot's massive compute power to verify external EVM networks.