HYPE surges nearly 20% in 24 hours, reaching a market capitalization of $11.13 billion

BlockBeats News, May 15th, according to HTX market data, HYPE surged nearly 20% in the past 24 hours, with a market capitalization of $11.13 billion, currently trading at $46.69.

On the news front, yesterday, Coinbase announced its deployment as the official Treasury Manager for USDC on the Hyperliquid platform, adopting USDC as the preferred stablecoin for the Hyperliquid on-chain capital market. As part of this collaboration, Native Markets has agreed to sell USDH branded assets to Coinbase. Also on the same day, the Hyperliquid ecosystem's trade.xyz pre-priced the AI superstar new stock CBRS, once again breaking through in brand promotion.