Paxos，Hyproliquid和USDH：Stablecoin回購和機構採用

Paxos提議USDH是一種超級流動性優先的穩定菌，其興趣用於炒作回購，旨在吸引機構並增強超流動性生態系統。

Paxos, Hyperliquid, and USDH: Stablecoin Buybacks and Institutional Adoption

Paxos，Hyproliquid和USDH：Stablecoin回購和機構採用

The buzz around Paxos and Hyperliquid is heating up! Paxos is proposing USDH, a stablecoin designed to boost Hyperliquid, and the plan involves some clever token buybacks.

Paxos和超流體周圍的嗡嗡聲正在加熱！ Paxos提出了USDH，這是一種旨在增強超流動性的Stablecoin，該計劃涉及一些巧妙的代幣回購。

USDH: A Stablecoin Tailored for Hyperliquid

USDH：針對超流液量身定制的穩定幣

Paxos Labs, a new division within Paxos, is spearheading the launch of USDH, a stablecoin built with Hyperliquid in mind. The big idea? To create a fully compliant stablecoin that aligns with both US and European regulatory standards. Paxos is thinking big, aiming to bridge Hyperliquid to traditional finance.

Paxos Labs是Paxos內部的一個新部門，它率先推出了USDH的推出，USDH是一種構建的，構建了一個構建的，構建了質量超流動性。大主意？創建一個完全符合的穩定穩定性，與美國和歐洲監管標准保持一致。 Paxos正在思考大型，旨在將超流動性橋接到傳統金融上。

HYPE Buybacks: A Rewarding Ecosystem

炒作回購：一個有意義的生態系統

Here's where it gets interesting. According to the proposal, a whopping 95% of the interest earned from USDH reserves will be used to buy back Hyperliquid’s native token, HYPE. These HYPE tokens will then be redistributed to users, validators, and partner protocols, creating a rewarding ecosystem. This move aims to incentivize participation and growth within the Hyperliquid community.

這是有趣的地方。根據該提案，從USDH儲備中獲得的利息中有95％將用於回購Hyperliquid的本地令牌，Hype。然後將這些炒作令牌重新分配給用戶，驗證者和合作夥伴協議，從而創建一個有意義的生態系統。此舉旨在激勵超流動社區的參與和增長。

Hyperliquid's Dominance and Institutional Appeal

超流動的主導地位和機構吸引力

Hyperliquid has already established itself as a major player in the decentralized perpetual futures market. By August 2025, the platform controlled 75% of the decentralized derivatives market, with a fully diluted valuation (FDV) of $45.55 billion. Its aggressive buyback program—removing over 30 million HYPE tokens from circulation—has created a deflationary tailwind, reducing supply by 8.7% in six months and fueling speculation that the token could break above $50. The platform’s strategic integrations and upgrades are making it increasingly attractive to institutional investors.

Hyproliquid已經在分散的永久期貨市場中確立了自己的主要參與者。到2025年8月，該平台控制了分散衍生品市場的75％，估值（FDV）為455.5億美元。它的積極回購計劃（從流通中佔3000萬個炒作令牌）創造了通風的尾風，在六個月內將供應量減少了8.7％，並促使人們猜測該令牌可能會損失超過50美元。該平台的戰略一體化和升級使其對機構投資者越來越有吸引力。

Institutional Adoption: A Bullish Signal for Solana?

機構採用：索拉納的看漲信號？

The crypto world is always watching for signs of institutional adoption, and a recent $14.53 million whale deposit on Hyperliquid, used to open a 2x long position on Solana (SOL), has sparked excitement. This significant move suggests that institutions are increasingly confident in Solana's potential as a cornerstone of the next crypto bull cycle. The broader trend shows that Q3 2025 saw over $1 billion in whale-driven capital injected into Solana’s DeFi protocols.

加密貨幣世界一直在關注機構採用的跡象，最近在Hyperliquid上進行了1453萬美元的鯨魚押金，用於在Solana（Sol）上開設2倍長的位置，引發了興奮。這一重大舉措表明，機構對Solana作為下一個加密牛週期的基石的潛力越來越有信心。更廣泛的趨勢表明，第三季度的2025年第三季度將超過10億美元的鯨魚驅動資本注入了Solana的Defi協議中。

Final Thoughts

最後的想法

Paxos's USDH proposal, with its focus on HYPE buybacks, is an interesting move that could further solidify Hyperliquid's position in the DeFi space. With institutional interest in Solana on the rise, it seems like exciting times are ahead. Keep an eye on this space – it’s about to get even more interesting!

Paxos的USDH提案側重於炒作回購，是一個有趣的舉動，可以進一步鞏固超流動性在Defi空間中的地位。隨著對Solana的機構興趣的興起，似乎令人興奮的時刻即將到來。密切關注這個空間 - 它將變得更加有趣！