Bitcoin reached an all-time high of $124,000 this week, coinciding with a strong crypto market resurgence. During this rally, a Bitcoin derivative known as Bitcoin Hyper has gained significant attention after raising $10 million in its presale. Bitcoin Hyper aims to enhance Bitcoin’s functionality through a Layer-2 solution, enabling faster and cheaper transactions along with smart contract capabilities.
The Bitcoin Hyper network utilizes the Solana Virtual Machine (SVM) to bring high-speed execution to Bitcoin, making it suitable for decentralized applications (dApps) across various sectors, including payments and decentralized finance (DeFi). A key element of this network is the Canonical Bridge, designed for depositing Bitcoin and minting equivalent wrapped Bitcoin on the Bitcoin Hyper network, which can later be converted back to native Bitcoin.
The HYPER token serves as a fundamental component of the network, required for transaction fees and staking, thereby ensuring the network’s security. Currently, presale participants can earn staking rewards of up to 112%. The token’s ongoing presale has attracted significant interest, with some investors purchasing substantial amounts.
- Why it matters:
- As Bitcoin Hyper enhances Bitcoin’s scalability, businesses could take advantage of quicker transaction processing and lower fees.
- Investors may find investment opportunities as the market for Bitcoin and its related projects expands.
- The latest: Bitcoin Hyper’s presale has surpassed the $10 million mark, reflecting strong investor interest ahead of its upcoming launch on exchanges.
Source: https://cryptodnes.bg/en/bitcoin-hyper-hits-10m-in-viral-presale-best-new-crypto-for-2025/
Source: https://cryptodnes.bg/en/bitcoin-hyper-hits-10m-in-viral-presale-best-new-crypto-for-2025/