Meme Insider
Hyperliquid, the high-performance blockchain designed for all things finance, has just made a game-changing move by launching permissionless spot quote assets on its mainnet. This update opens the door for stable asset deployers to enable quote asset status for their tokens, as long as they meet the onchain requirements detailed in the Hyperliquid Docs.
In simple terms, a quote asset in spot trading is the currency used to price the base asset—like USDT in a BTC/USDT pair. With this permissionless feature, anyone can now specify a quote asset in the initial spot pair when deploying a token via HIP-1, Hyperliquid's standard for fungible tokens similar to ERC-20 on Ethereum. Plus, you can add more trading pairs between existing base and quote assets through a permissionless Dutch auction, which runs separately from the HIP-1 token auction.
The first to jump on this was @nativemarkets, who deployed USDH as a permissionless quote asset. As a result, HYPE/USDH trading is now live, paving the way for even more pairs down the line. This is huge for DeFi traders and meme token creators, as it means faster, more flexible spot trading without waiting for approvals—perfect for the fast-paced world of blockchain and meme coins.
Community reactions poured in quickly on X, with users hyping up the update (pun intended). From excited shouts of "Hyperliquid" to creative memes, it's clear this feature is resonating with the crowd. One user even asked about updates on $Vapor, showing the buzz around related projects.
For meme token enthusiasts, this could supercharge liquidity and trading options on Hyperliquid. Imagine deploying your own meme coin and instantly setting up spot pairs with stable quotes like USDH—it's a step toward making Hyperliquid a go-to hub for innovative, community-driven assets.
If you're building or trading on blockchain, head over to Hyperliquid's platform to check it out. Stay tuned for more deployments and how this evolves the ecosystem.
