Paxos，Hyproliquid和USDH：Stablecoin回购和机构采用

Paxos提议USDH是一种超级流动性优先的稳定菌，其兴趣用于炒作回购，旨在吸引机构并增强超流动性生态系统。

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

Paxos，Hyproliquid和USDH：Stablecoin回购和机构采用

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和超流体周围的嗡嗡声正在加热！ Paxos提出了USDH，这是一种旨在增强超流动性的Stablecoin，该计划涉及一些巧妙的代币回购。

USDH: A Stablecoin Tailored for Hyperliquid

USDH：针对超流液量身定制的稳定币

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内部的一个新部门，它率先推出了USDH的推出，USDH是一种构建的，构建了一个构建的，构建了质量超流动性。大主意？创建一个完全符合的稳定稳定性，与美国和欧洲监管标准保持一致。 Paxos正在思考大型，旨在将超流动性桥接到传统金融上。

HYPE Buybacks: A Rewarding Ecosystem

炒作回购：一个有意义的生态系统

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.

这是有趣的地方。根据该提案，从USDH储备中获得的利息中有95％将用于回购Hyperliquid的本地令牌，Hype。然后将这些炒作令牌重新分配给用户，验证者和合作伙伴协议，从而创建一个有意义的生态系统。此举旨在激励超流动社区的参与和增长。

Hyperliquid's Dominance and Institutional Appeal

超流动的主导地位和机构吸引力

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已经在分散的永久期货市场中确立了自己的主要参与者。到2025年8月，该平台控制了分散衍生品市场的75％，估值（FDV）为455.5亿美元。它的积极回购计划（从流通中占3000万个炒作令牌）创造了通风的尾风，在六个月内将供应量减少了8.7％，并促使人们猜测该令牌可能会损失超过50美元。该平台的战略一体化和升级使其对机构投资者越来越有吸引力。

Institutional Adoption: A Bullish Signal for Solana?

机构采用：索拉纳的看涨信号？

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.

加密货币世界一直在关注机构采用的迹象，最近在Hyperliquid上进行了1453万美元的鲸鱼押金，用于在Solana（Sol）上开设2倍长的位置，引发了兴奋。这一重大举措表明，机构对Solana作为下一个加密牛周期的基石的潜力越来越有信心。更广泛的趋势表明，第三季度的2025年第三季度将超过10亿美元的鲸鱼驱动资本注入了Solana的Defi协议中。

Final Thoughts

最后的想法

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提案侧重于炒作回购，是一个有趣的举动，可以进一步巩固超流动性在Defi空间中的地位。随着对Solana的机构兴趣的兴起，似乎令人兴奋的时刻即将到来。密切关注这个空间 - 它将变得更加有趣！