Hyperdrive:– Stablecoins have become the established interest of Venture Capitalists in web3 now. With their total market cap surpassing $240 billion as of writing, they are continuing to gain widespread acceptance. An increasing number of firms in web3 are making their bet on Stablecoins, receiving support from VCs. In a latest instance to this, Hyperdrive, a stablecoin infra based project on Hyperliquid blockchain, has received $6 million in Series A funding support. The round was led by Hack VC and Arrington Capital with participation from Amber, Delphi Ventures, Proof, Calado among others. Interestingly, the funding comes as the token of blockchain on which Hyperdrive is built – HYPE – surpasses Sui to rank 13th in terms of market cap. $HYPE is currently trading at $37.96 setting a new historic high. HYPE Price In Past 7 Days Also Read: HYPE’s $13 trillion Rally Hyperdrive Market To Allow Borrowing and Lending of… Read More at Coingape.com

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