Latest news with #Aptos
Business Insider
16-07-2025
- Business
- Business Insider
Next-Generation DEX Hyperion Launches TGE
Aptos Foundation's LFM program participant, Hyperion, is redefining DeFi trading with on-chain scale, capital-efficient liquidity and $5B+ lifetime volume Hyperion, a high-performance decentralized exchange (DEX) built on the Aptos blockchain, has today launched its Token Generation Event (TGE), marking a major milestone for one of the fastest-growing DeFi projects on Aptos. Since launching its mainnet earlier this year, Hyperion has quickly established itself as a top-tier trading venue on Aptos, combining the speed and precision of an orderbook with the deep, composable liquidity of an AMM—all built for serious scale. Today, the platform ranks among the largest DeFi protocols on Aptos by total value locked (TVL), with over $130 million in TVL and $7 billion in cumulative trading volume. At the heart of Hyperion is its hybrid architecture: Concentrated Liquidity Market Maker (CLMM) for deep, capital-efficient liquidity accessible to all users Orderbook engine (to be released in Q4 2025) for pro-grade, precise and high-speed execution This dual model offers traders and liquidity providers a unified platform with real-time settlement, high throughput, and minimized slippage—enabled by the Move programming language and Aptos' Block-STM parallel execution engine. Beyond its core DEX functionality, Hyperion also offers an expanding suite of products to meet the evolving needs of traders, liquidity providers, and DeFi protocols. These include Hyperion Aggregator, a meta-aggregator that sources liquidity across multiple Aptos aggregators and DEXs, and Hyperion Vaults, which helps users maximize yield with minimal active management. Hyperion's products have been integrated into several Aptos-native projects like Kofi Finance, Moar Markets, Panora and Amnis Finance, creating a foundation for seamless composability across the Aptos DeFi ecosystem. "Hyperion is built to push the boundaries of DeFi on Aptos,' said Claire Zhao, Co-Founder and CEO of Hyperion. 'From day one, we've focused on speed, composability and efficiency. Our TGE is just the beginning to unlocking even greater liquidity, ecosystem growth and continued innovation. We're excited to embark on this next chapter together with our vibrant community of users, builders, and partners." Introducing RION Token and Community Campaigns As part of the TGE, Hyperion is launching its native token, RION—a cryptographically secure, fungible token at the core of the Hyperion ecosystem. RION enables key utilities including trading incentives, governance participation, and ecosystem rewards, empowering users and builders to contribute to and benefit from engaging with the Hyperion ecosystem. Dedicated campaigns will also accompany the launch, designed to give back to the Aptos community and strengthen engagement across the broader DeFi ecosystem. RION will initially be listed on Binance Alpha, where it will become the first IDO project to adopt a Bonding Curve dynamic pricing mechanism. This innovative approach allows early participants to enter flexibly based on real-time demand, while ensuring the entire token issuance process remains fully transparent, public, and market-driven. Scaling Beyond TGE Hyperion's growth has been accelerated through its participation in the Aptos Foundation's LFM program —an initiative designed to help Aptos-native projects successfully navigate key product milestones and launches. 'Hyperion is setting a new standard for DeFi infrastructure and exemplifies the kind of innovation the LFM program was designed to foster,' said Ash Pampati, Head of Ecosystem at Aptos Foundation. 'Their hybrid model, performance-driven design, and strong partner network showcase what's possible on Aptos. We're excited to see what they accomplish next.' Hyperion's TGE unlocks new opportunities for deeper liquidity, user participation and community governance, propelling its vision of a high-performance, composable DeFi foundation on Aptos. Post-TGE, the Hyperion team plans to continue rolling out additional products, integrations, and trading incentives to further expand its ecosystem. About Hyperion Hyperion is a high-performance platform powered by Aptos' parallel execution engine. By combining swap aggregation, market-making (CLMM and the upcoming DLMM), and vault strategies into one seamless on-chain experience, Hyperion is building the unified liquidity and trading layer of Aptos. Hyperion is incubated by BlockBooster and the Ankaa Accelerator Program, with strategic investments from OKX Ventures, Aptos Labs, Mirana Ventures and Maelstrom. To learn more about Hyperion, users can visit Alec
Yahoo
11-07-2025
- Business
- Yahoo
Aptos' APT Jumps as Much as 9% as Crypto Markets Explode Higher
Aptos's APT gained as much as 9% in the last 24 hours as crypto markets surged higher. Strong support was established at $4.57 with high-volume confirmation during the bounce, according to CoinDesk Research's technical analysis model. Technical targets point to $5.20 from $4.57 base, the model showed, with resistance at the $5.03 level. Aptos Labs named Solomon Tesfaye as Chief Business Officer for institutional partnerships, the company said in a tweet on X on Thursday. The rally in Aptos came as the wider crypto market also rose, with the broader market gauge, the CoinDesk 20, recently up 7%. Bitcoin (BTC), the world's largest cryptocurrency, also hit a new high of $118, 739. In recent trading, APT was 8.5% higher over 24 hours, trading around $4.99. Technical Analysis: Strong support established at $4.57 with high-volume confirmation during bounce Resistance level identified at $5.03 where price reversed despite elevated volume Volume spikes exceeded 2.2 million and 3.7 million during key acceleration periods Measured move projects potential targets near $5.20 from $4.57 low Higher low at $4.89 established during consolidation phase Final hour volume exceeded 64,000 confirming bullish sentiment Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
10-07-2025
- Business
- Business Insider
Aptos Labs Expands Leadership with New Chief Business Officer
Palo Alto, United States, July 10th, 2025, Chainwire Former Head of Capital Markets Solomon Tesfaye to drive enterprise and institutional partnerships as Aptos hits new growth milestones Aptos Labs, a high-performance blockchain technology company focused on building and developing on the Aptos blockchain, announced today the appointment of Solomon Tesfaye as Chief Business Officer. He was previously Head of Capital Markets at the company. Tesfaye's appointment comes at a pivotal moment for Aptos. The Aptos network has surpassed $540 million in tokenized real-world assets. Institutional integrations have doubled since the start of 2025, and greater regulatory clarity in the US around tokenization of assets is expected to further accelerate adoption. Together, these developments mark a critical inflection point for institutional engagement.. Solomon brings a strong track record in capital markets, led Aptos' real world asset strategy and has played a key role in building relationships with major financial and technology firms, like Blackrock, Franklin Templeton, and Apollo. Over the past ten years, he has held senior roles at the intersection of investment banking, venture capital, and the tokenization of real-world assets, working across a broad range of asset classes globally. He initially joined Aptos Labs to lead its capital markets initiatives. Additionally, during his tenure, he built key relationships with asset managers seeking to launch Aptos-linked exchange-traded products in Europe, U.S. spot ETFs, and other crypto-linked products. In this new role, Solomon will focus on: Drive Aptos adoption and expansion globally through partnerships with institutions and other market participants within fintech, payments, trading, and asset management Shape Aptos's competitive positioning in the global blockchain ecosystem by navigating regulatory landscapes, leading strategic alliances, advancing business initiatives, and contributing to industry thought leadership Leading efforts to align product offerings with market demand and manage digital asset strategies for scalable business impact Identify and lead initiatives that open new markets and use cases 'Solomon has been critical in shaping our Global Trading Engine vision, and forging the partnerships that will help make it a reality,' said Avery Ching, Co-Founder and CEO at Aptos Labs. 'As CBO, he'll be key to scaling that work, bringing more institutions, markets, and real-world use cases onto Aptos as global web3 adoption continues to accelerate.' 'It's a privilege to take on this role at such a pivotal moment, as regulatory clarity and market momentum align. With the U.S. nearing the completion of frameworks for next-generation financial services, Aptos Labs is well-positioned to lead the shift to on-chain assets and help shape the infrastructure of tomorrow's global markets,' said Solomon Tesfaye, Chief Business Officer at Aptos Labs. 'I'm excited to forge the partnerships and integrations that institutions and other market participants need to fully harness Aptos' tokenization capabilities at scale.' About Aptos Aptos is a next-generation Layer 1 blockchain. Aptos' breakthrough technology, scalable infrastructure and user safeguards are designed to power the next generation of financial systems by offering unparalleled high throughput and low latency that can scale to billions of users. Aptos Labs is dedicated to creating network tooling and seamless usability for users of the Aptos network, a next-generation high-performance public Layer 1 blockchain. Aptos Labs is backed by top-flight investors including a16z, Katie Haun, Apollo Global Management Dragonfly, PayPal Ventures, and Franklin Templeton Investments, among others.
Time of India
04-07-2025
- Business
- Time of India
Cryptocurrency Live News & Updates : Polygon Surpasses Ethereum in NFT Sales
04 Jul 2025 | 11:45:12 PM IST Polygon's price has plummeted this year, nearing its lowest point, but it recently outperformed Ethereum in weekly NFT sales, indicating a potential breakout. Polygon has experienced a significant decline in price, dropping over 76% this year, yet it has recently surpassed Ethereum in weekly NFT sales, with a 52% increase to $24 million. This surge is largely attributed to the Courtyard platform. Meanwhile, Ethereum celebrates its 10th anniversary amid rising competition from blockchains like Solana and Aptos, as it focuses on enhancing interoperability and community building. In a different arena, Trump-linked World Liberty Financial is undergoing a governance vote to determine the tradability of its WLFI token, a crucial test of its decentralization commitment. Lastly, NEAR Protocol faced a 5% decline despite the launch of Bitwise's NEAR Staking ETP, which aims to boost institutional interest. As the crypto market navigates these developments, the interplay between price movements, governance decisions, and technological advancements remains pivotal. Show more
FF News
04-07-2025
- Business
- FF News
Members Capital Management Completes Initial Deployment of Tokenised Reinsurance Fund
Members Capital Management ('MembersCap'), a Bermuda-regulated investment manager, today completed the successful investment of its initial portfolio through its fund, MCM Fund I, the first tokenised institutional-grade reinsurance fund designed for both sophisticated digital asset investors and traditional allocators. All portfolio trades were executed with global reinsurance companies and top-tier Lloyd's of London syndicates, and were sourced through the top three global reinsurance brokers. MCM Fund I opens access to reinsurance income for a rapidly expanding capital base of new investors seeking diversified and uncorrelated investment alternatives with attractive yield and structured liquidity. The launch represents the growing importance of funds structuring their offerings to take advantage of the continuing convergence between traditional finance and digital assets. Backed by Solana, Aptos, and Cardano and supported by institutions like Coinbase, Archax, Apex Group, and Envelop Risk, MembersCap has selected the Solana, Aptos, Cardano, and Base protocols to provide access to qualified investors wishing to invest using eligible cryptocurrencies. MembersCap has been selected as the first fund in the real-world assets category on the Archax platform, sitting alongside tokenized offerings from other institutions like BlackRock, State Street, and Aberdeen. The reinsurance opportunity Being fundamentally uncorrelated with the financial markets, reinsurance has consistently outperformed most traditional alternatives over the past two decades. Despite being highly yield-generative, the sector has historically been reserved for pension plans, sovereign wealth funds, and other institutional giants. Increasingly, both crypto-native investors and smaller traditional allocators are seeking refuge from market volatility by accessing reinsurance as a stable, diversified income stream to support a balanced portfolio and enhance overall returns. 'Every generation is presented with new technologies that unlock economic opportunity. To us, tokenisation and the blockchain represent access to better asset management for a different class of investor,' said Lloyd Wahed, Co-Founder and CEO of MembersCap. 'We're excited to be one of the first institutional funds to emerge from this space.' 'Our investors– digital asset institutions, family offices, HNWIs —want to meet their goals of resiliency and long-term sustainable growth through new and more efficient means. With this novel approach, we're seeing these investors view reinsurance as a core part of their portfolio for the first time,' said Patrick Barrett, Co-Founder and COO at MembersCap . 'This launch proves that tokenisation can bring new capital to help address the growing insurance protection gap by lowering barriers and providing access to the private reinsurance market,' said Dr. Benjamin Fox, Co-Founder and Chief Investment Officer at MembersCap. 'Our tokenised model enables a new cohort of investors to participate pari passu alongside large institutions in an uncorrelated asset class with a track record of reliable, attractive returns.' Positioned as an alternative to private equity, venture capital, and fixed income strategies, MCM Fund I provides qualified investors with regulated and collateralised access to reinsurance via direct exposure to natural catastrophe and cyber reinsurance contracts sourced through blue-chip global partners. For Web3 treasuries, foundations, and institutions, the Fund delivers high-yield opportunities and structured liquidity, derived from high-quality, real-world reinsurance returns, without exposure to DeFi volatility and over-concentration in altcoins. MembersCap was founded in 2024 and is backed by a strong coalition of both institutional and blockchain-native partners. This blend of traditional underwriting expertise and on-chain architecture ensures institutional-grade standards while embracing next-generation accessibility.
