BitGo’s Grand Entrance: A Comedic Tale of HyperEVM and Institutional Shenanigans!

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Ah, dear audience! Gather ’round as we unveil the latest escapade of our noble BitGo, who hath proclaimed its allegiance to the illustrious HyperEVM! 🎭 With a flourish, they offer secure access and custody for those esteemed institutional users dwelling within the Hyperliquid realm. What a spectacle! 🎉

Now, let us summarize this grand affair:

  • BitGo hath expanded its custody solution to the fine institutions partaking in Hyperliquid’s HyperEVM. A most generous act, indeed!
  • The platform now doth support HYPE custody, self-custody, and governance. Truly, a trifecta of delights!

In a most recent proclamation, BitGo hath declared that its custody solution is now alive and kicking for Hyperliquid (HYPE), granting access to the fabled HyperEVM for our institutional friends. 🏰

With this integration, our qualified custodians can now frolic in the fields of institutional investment, participating in the leading on-chain trading ecosystem. In simpler terms, users may now indulge in BitGo’s secure custody service whilst engaging with assets on the HyperEVM, including the ever-so-popular native token, HYPE. 💰

But wait! There’s more! Users can now access their treasures via self-custody wallets, decentralized applications, and even partake in governance. The platform’s offerings also include stablecoins, staking solutions, settlement, real-world assets, collateral, and wealth management. A veritable cornucopia of financial delights! 🍇

BitGo’s timely support arrives just days after the illustrious Anchorage Digital Bank added its own custody support to HYPE, thus integrating institutional-grade security into the HyperEVM. A race to the finish line, it seems! 🏁

Hyperliquid’s Flourishing Growth

Behold! HyperEVM, the Ethereum-compatible smart contract layer of Hyperliquid, is the very key to its decentralized finance allure. Currently, the Hyperliquid L1 boasts over $2.53 billion in total value locked and a staggering $5.58 billion in stablecoin market cap. Such riches! 💎

As the fervor for DeFi swells, BitGo’s support shall empower institutional clients to confidently wade into the waters of Hyperliquid’s ecosystem. A brave new world awaits! 🌊

Meanwhile, as our friends at crypto.news have noted, spot volumes on the platform soared to a dizzying $3.5 billion in a single day, marking a new 24-hour all-time high. What a feat! 🎊

Notably, this surge coincides with a spike in Bitcoin and Ethereum deposits. The milestone hath propelled Hyperliquid to the rank of the second-largest trading venue for spot BTC on both centralized and decentralized exchanges. A most impressive achievement! 🏆

As interest in HYPE grows within the Hyperliquid ecosystem, open interest in this altcoin hath reached a new all-time high, with data from Coinglass revealing a staggering $2.17 billion. Truly, the stage is set for a grand performance! 🎭

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2025-08-26 23:51